Argus on the Rock: The Argus Group put its stamp of approval on doing business with Gibraltar yesterday, releasing a photo of company CEO Alison Hill with a Gibraltar delegation. An accompanying statement noted that Ms Hill met with the Gibraltar officials last week, including Minister for Financial Services, Albert Isola.

The Argus Group has had a presence in Gibraltar since it purchased Norwich Union International Insurance Company Limited in November 2004. The Gibraltar office has since been rebranded under the Argus banner as Argus Insurance Company (Europe) Limited or AIC(E)L, to create global synergy.

AIC(E)L is now a leading Gibraltar based insurance company writing property and casualty business. In addition, AIC(E)L also offers more specialist classes of insurance through its broking subsidiary, Westmed Insurance Services Limited.

Ms Hill said: “We have being doing business in Gibraltar for nearly ten years now and have found it to be a very business friendly jurisdiction, from both a government and regulatory perspective.”

Tyrone Montovio, General Manager for Argus Insurance Company (Europe) Limited, said, “The Financial Services Commission is a very friendly and approachable regulator, which always welcomes feedback and offers guidance with the firms it regulates. We have also had a great experience working with Gibraltar Finance, which does an excellent job working with local professionals in promoting Gibraltar as a quality jurisdiction in which to conduct business.”

Pictured (from left) are: Senior Finance Centre Executive Mike Ashton, Finance Centre Director James Tipping, Ms Hill, Mr Isola and Mr Montovio.