Guernsey is now the largest domicile for captive insurance in
Europe with a total of 201 captives domiciled in the island at the
end of 2022.
Last year, Guernsey approved 12 new captive licences and had
three surrenders. This overall increase of nine puts Guernsey at
the top for captive numbers, overtaking Luxembourg with whom
Guernsey tied joint largest European domicile at the end of 2021.
Luxembourg reported a total of 195 captives at the end of 2022.
Chief Executive, Rupert Pleasant, said this is tremendous news
for Guernsey. "It is testament to the quality and experience
of our practitioners. Guernsey is a is globally renowned centre for
specialist financial services, a jurisdiction of substance and it
is gratifying to reach this milestone," he said.
