Guernsey's strength as a captive domicile has been
decades in the making, with the country's first captive being
established in the 1920s.
It stands as the number one captive jurisdiction in Europe and
the fourth worldwide, licensing 99 new captives in the year ending
March 2014 alone. Despite this established industry, Guernsey is
still driven by looking for solutions to what clients require.
Kate Storey, counsel in the corporate and commercial department
at Appleby, comments: "Guernsey pioneered the protected cell
company (PCC), in which the assets and liabilities of each cell
within the company are segregated by law, and this structure has
been widely used with great success in the insurance sector. We are
now seeing a trend towards Guernsey's incorporated cell company
(ICC), as the legal segregation offered by each cell being a
separate company is perhaps more easily understandable for clients
from some jurisdictions."
