A Diverse Jurisdiction

Originally published in the Captive Review, Guernsey Report, October 2008

Guernsey attracts a diverse range of insurance companies, building on its already world-renowned reputation for innovation, says Diane Colton of the Guernsey Financial Services Commission (GFSC)

Guernsey is world renowned as a centre for international insurance with an outstanding reputation for innovation and professionalism which has been built up over many years. The insurance industry in Guernsey has its origins in the 18th century and captive insurance companies have been incorporated here since 1922.

At the end of July 2008 there were over 700 insurance entities (including cells) licensed in Guernsey writing £3bn in insurance and reinsurance premiums. Approximately 40% of the UK FTSE 100 companies have captives in Guernsey.