Owners of captive structures will be in a stronger position
coming out of the Covid-19 pandemic, an online audience heard from
the Guernsey Finance Captive Briefing webinar.
Guernsey, Europe's leading captives jurisdiction, hosting
more than a third of the European captives market, and whitelisted
by the EU and OECD for economic substance, continues to see a
strong interest to form new captives.
Willis Towers Watson Chief Broking Officer James Battersby,
based in London, said the pandemic was likely to be the biggest
insurance event ever and would impact future rates.
"We'll start to see what price increases look like
towards the end of the year and they will drip into direct
insurance markets," Mr Battersby said. "The market will
continue to harden. Losses resulting from this pandemic are
mindboggling but different in their spread.
