ARTICLE · 16 DECEMBER 1997
Guernsey - Captive Formation Guide
Total No. of Captives: 335 as at December 31, 1996
Captive Premiums (Gross): £1,370,000,000 as at December 31, 1995
Captive Assets: £4,800,000,000 as at December 31, 1995
Location:
The second largest of the Channel Islands, Guernsey is a self-governing dependency of the English Crown and is located 110 kms (70 miles) south of England and 50 kms (30 miles) from the north west coast of France. Area: 62 sq. kms (24 sq. miles) Population: 59,000
Politics:
Stable government - Constitution dates back to 1205; no political parties; enjoys a special Protocol with the European Community, though is conveniently outside the EC for insurance regulation purposes; Guernsey is a member country of the O.E.C.D.
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