ARTICLE · 29 MAY 2013

Gibraltar: A Vibrant And Growing EU Insurance Domicile

Fiduciary Group

The Government of Gibraltar takes regulation and compliance very seriously, whether it is complying with all EU directive obligations or the highest standards of regulation in financial services.

GibraltarInsurance

Michael Ashton

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Gibraltar has a vibrant and growing insurance industry, so let's start with a few facts:

Over the last 20 years Gibraltar's insurance industry has grown from just 12 licensed insurers to the present 56 licensed insurers currently writing new business.
Gross premium income written by all insurance companies in Gibraltar was £3.2bn in 2011 and these companies held assets of more than £7.5bn.
Gibraltar motor insurers currently write 10% of the total UK motor market.
Household names such as Brit Insurance, Intercontinental Hotels, Novartis, and Tate & Lyle have chosen Gibraltar as a domicile for their European Union (EU) captives.
In recent years Bermudian insurers Arch, Transatlantic Re and XL Insurance have established insurance companies in Gibraltar.

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Gibraltar: A Vibrant And Growing EU Insurance Domicile

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