The Association of British Insurers (ABI) and the Gibraltar Insurance Association (GIA) have formalised their collaborative efforts by signing a Memorandum of Understanding (MoU) aimed at enhancing cooperation between the two trade bodies.
The MoU builds on the ABI and GIA’s partnership, solidifying a commitment to coordinate perspectives on key insurance products and issues affecting their respective markets while enabling the exchange of information on shared interests.
Historically, the two associations have maintained a strong working relationship, with Gibraltar-based insurers playing a significant role in the UK market. The MoU formalises their agreement to share information on products like motor, home, and pet insurance when appropriate.
The associations will also coordinate their views and strategies on key issues of mutual interest and benefit. Moreover, they will facilitate relevant networking, hosting, learning, and event opportunities to support their members.
Nigel Feetham KC MP – Minister for Justice, Trade, and Industry for HM Government of Gibraltar – remarked: “The ABI and the GIA have entered an MoU, further cementing the already excellent relationship the respective trade bodies enjoy.
“HM Government of Gibraltar is supportive of strong links between leading representative bodies and the Gibraltar industry for the furtherment of mutual goals.”
Commenting on the MoU, ABI director general Hannah Gurga (pictured) asserted: “Our two organisations have a lot in common – from the products our respective members offer, to our commitment to support customers.
“By sharing information and views on crucial areas of interest, we’ll be able to amplify our messages and further deliver for our members.”
GIA chair Paul Cole, meanwhile, stated: “On behalf of the GIA and its members, I am delighted that we have entered into the MoU with the ABI.
“A significant amount of UK personal lines insurance business is underwritten by Gibraltar insurers, and so it is important the GIA works with the ABI on areas of common interest to promote the insurance industry.”
What do you think about this story? Share your thoughts in the comments below.
