Regional Review: Gibraltar

Gibraltar’s insurance industry has had a rocky 18 months. The high-profile failure of unrated passporting insurer Lemma, followed in quick succession by domestic players Hill and Devert, brought unwanted scrutiny to the domicile, which has worked hard over the past few years to present itself as a credible financial centre and shed its unwanted reputation as an offshore tax haven.

But as it suffered difficulties on one front, there have also been positives. Its motor sector has seen rapid growth – it now accounts for 16% of premiums written in the UK market.

In addition, the