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RedSands

Our Board of Directors

 

We are extremely proud of our people who go above and beyond to provide quality service to our clients.

Our senior team consists of individuals who are specialists in their respective fields. Each member of the team has vast experience and is able to provide the highest level of support to partners and clients.

 

Paul Savignon MBE
Chairman

Paul Savignon has been a prime mover in the Gibraltar insurance market for the last 40 years. He was founder chairman of the Association of Gibraltar Insurers and Managers, now the Gibraltar Insurance Association. In 1984, he amalgamated various local insurance businesses to form Norwich Union Fire Insurance Society (Gibraltar) Ltd in a joint venture with Norwich Union UK. Paul served as Chief Executive Officer, and subsequently as Chairman of Norwich Union (Gibraltar) from 1984 to 2002. Paul has sat on numerous government and regulatory committees, including the Financial Services Commission. He also currently serves as Chairman and/or Director of a number of Gibraltar trading and property development companies.
 

 

 

 

Shaun Cawdery
Managing Director

Shaun Cawdery started his career in Gibraltar in the early 2000’s in the audit industry, focusing largely on insurance companies and investment funds. After 12 years in audit, during which Shaun had developed a core portfolio of insurance clients in his role as Audit Director, he moved into insurance management and assisted a number of general insurers particularly with the transition to Solvency II. Shaun developed an expertise in the Solvency II standard formula, developing a tailored modelling pillar 1 tool for his clients which integrated the GAAP and SII balance sheets and the technical elements of the pillar 3 reporting.

Shaun was elected as the Chairman of the Gibraltar Insurance Association in February 2019, having previously been in the executive team and the Chair or its Technical Committee. Shaun has previously also been part of some of the various committees of the Gibraltar Society of Accountants. In his role as Managing Director, Shaun has a key focus on developing and managing our network of insurance partnerships, with a keen attention on policyholder value and the customer journey through the insurance distribution chain.

 

 

James Clayton-Wright
Underwriting Manager

James joined Red Sands in October 2016 as Underwriting Manager and is responsible for management of the underwriting, audit and compliance functions.  Prior to joining Red Sands, James was with Aon Insurance Managers (Gibraltar) Limited where as Insurance Manager he was responsible for a number of PCC’s, Open Market Insurers and Captives.  

 

 

John Henderson
Executive Director

John Henderson was appointed an executive director of Red Sands in April 2018.  He has an Honours degree in Engineering, a Masters in Business Administration from the University of Cape Town and an business exchange programme with London Business School. He has 20 years of experience applying analytical and structured thinking to business challenges across industry sectors.  Prior to be appointed a director of Red Sands, John advised insurance companies including Red Sands, on solvency regulations, capital & investment management, and risk management.

Richard Foster started his career in the City of London as a money broker in the 1980's, trading dollar deposits in the world money markets before becoming a financial adviser selling investments, pensions and insurance products. He moved to Gibraltar in 2004 and joined Sovereign Asset Management becoming Director in 2008 and Managing Director in 2011, focusing on private clients and business development. He also joined the boards of several funds. In 2018 he returned to the UK and has taken up several Non Executive Director roles in financial services and the charity sector.

 

 

Richard Foster
Non-Executive Director

Richard Foster started his career in the City of London as a money broker in the 1980's, trading dollar deposits in the world money markets before becoming a financial adviser selling investments, pensions and insurance products. He moved to Gibraltar in 2004 and joined Sovereign Asset Management becoming Director in 2008 and Managing Director in 2011, focusing on private clients and business development. He also joined the boards of several funds. In 2018 he returned to the UK and has taken up several Non Executive Director roles in financial services and the charity sector.

 

 

Louise Cruz
Non-Executive Director

Louise Cruz has acted as a non-executive director of the Red Sands Group since January 2020, and also acts as the Chair of the Audit, Risk and Corporate Governance Committee. Before taking the role at Red Sands, Louise held various director roles via her role at one of Gibraltar’s leading insurance managers over the previous 16 years. Louise is a fellow of the Association of Chartered Certified Accountants.

 

 

Chris Lathey
Non-Executive Director

Chris Lathey has worked in the Gibraltar insurance industry since 2002, firstly with Aon setting up and running both direct writers and captives, before taking two personal lines insurers self-managed and managing both companies through periods of tremendous growth not just in the top line, but with underwriting performance and profit tracking in line.  Has been MD of Haven Insurance since 2008, currently a non-executive director of the Red Sands Insurance Group and the Vice-Chair of the Gibraltar Insurance Association.

Red Sands Insurance Company (Europe) Limited is licensed and regulated by the Gibraltar Financial Services Commission under the Financial Services (Insurance Compaies) Act 1987 (see FSC website). It is a member of the UK's Financial Services Compensation Scheme, Financial Ombudsman Scheme and The Association of British Insurers.
Registered office: Level 3, Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar (Company No. 87598). Copyright © 2014 Red Sands Insurance.