Guernsey's global appeal as a location for captives is growing fast. Already this year we have received new captives from South Africa, Australia, the Middle East, Belgium and other European countries.
The latest South African captive is Mid Pacific Reinsurance Company Limited owned by the country's Premier Group, which has a wide diverse business interests including food, dairy products and fruit juice manufacture, pharmaceuticals, wholesaling, retailing, entertainment and leisure. The Australian captive is PI Insurance Company Limited owned by Pioneer International Limited, one of the world's largest suppliers of building materials and with a 50% interest in Australia's largest petroleum products refiner-marketer.
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