MAC’s Latest initiative for the Isle of Man

Commercial Insurance is now provided by the people behind MAC Financial, as part of a major new initiative for the Isle of Man.

Managing Director Jon McGowan said we launched the business in Spring 2010 and the response from clients has been overwhelming.

MAC Commercial represents a significant development in the range of bespoke services and corporate and insurance solutions offered by the Island’s largest corporate financial advisors. The two companies, based in Athol Street, Douglas, will combine their expertise to help clients achieve their financial objectives.

MAC Financial and MAC Commercial are independent, privately owned companies that provide a range of bespoke financial and insurance services to companies, individuals and their families. Together, these organisations can achieve highly effective solutions in wealth management, insurance and professional risks.

MAC Commercial offers commercial insurance, PI and D&O cover and marine, aviation and e-gaming services onshore and offshore. It can compete with any sized commercial brokers and is well placed to provide exclusive deals with London brokers, along with access to worldwide markets. The company also has exclusive arrangements with Bluefin , one of the UK’s leading independent broker groups.

Jon McGowan said: “This is a major new initiative for the Isle of Man and a significant development for MAC. With our contacts we are extremely well placed to offer exclusive and market leading deals and, we now offer an unrivalled combination of independent advice, expertise and flexibility, backed by an exceptional commitment to personal service.”

Trevor Vels takes  the role of General Manager of MAC Commercial.

He was appointed to run the business , having spent the previous couple of years managing insurance captives.

He has more than 20 years experience in the non-life insurance sector and prior to leaving South Africa in 2007 with his family, he spent 10 years as Managing Director of Aviation Insurance, a specialist Guernsey owned South African domiciled insurance company.

For further information, please contact: Nigel Gregg or Jon McGowan, Tel: (01624) 639450, www.mac-financial.com

Notes for Editors about MAC Financial:

  • MAC Financial is the Isle of Man’s largest Corporate IFA (Independent Financial Adviser) and provides independent, professional advice in the fields of Corporate Pensions, Death in Service, Disability insurance and Healthcare.
  • MAC Financial looks after approximately 300 corporate schemes covering 5,500 members
  • MAC Financial also offers its own exclusive “FreeSIPP” product, unique in the market place that allows greater investment flexibility and control of the future of an individual’s own pension.
  • MAC Financial supports Save the Children (Isle of Man) through its “MAC90” protection product, making a real difference to children in Rwanda.
  • MAC Financial provides the Post Office Protection Plan, a life insurance product available via the Island’s Post Office network
  • MAC Commercial has an exclusive membership within the Bluefin Broker Network Partnership