St Bernard Assure Ltd, a Gibraltar-based specialty provider of property and casualty insurance and reinsurance solutions, has been named Offshore Insurance Launch of the Year by Acquisition International magazine. The recognition comes as part of the magazine’s annual Offshore Excellence Awards.

The awards are designed to recognise companies that offer “outstanding commitment to service” to the offshore industry with many of the winning firms across the field of legal and financial services having earned acclaim due to their success in transforming the offshore industry during challenging times. Firms are nominated by both their clients and peers and the prizes are awarded solely on merit.

St Bernard’s success follows a busy and productive year for the company, which was formed in October 2012 by the Haverford Group.

Acquisition International was impressed by the company’s novel business model for its Swiss motor insurance offering which is entirely online. The model allows Swiss drivers to enter into highly customizable, flexible insurance plans with numerous safety and cost benefits.

William Fawcett, CEO, St Bernard Assure, said:

“St Bernard is very proud that our innovative approach to insurance and our dedicated team are being recognised by Acquisition International’s 2014 Insurance Launch of the Year award. Our company is founded on the promise of always putting the customer and quality first through the use of innovative technology. The Acquisition International award is recognition that we are fulfilling this promise.”