Dominic Wheatley of Guernsey Finance discusses how the island
remains a dominant player in captive insurance.
Innovation and evolution continue to be at the heart of
Guernsey's captive insurance market. Staying ahead of the curve
is why the island remains Europe's leading captive insurance
domicile. This was evidenced at our recent Guernsey Insurance Forum
in London, which attracted an audience of nearly 200 and
highlighted how Guernsey as a jurisdiction is regarded as a thought
leader to be followed by the international insurance community.
One of the key takeaways from the event was the prediction that
growth in the captive insurance market is going to be driven by
intermediaries and brokers establishing vehicles to aggregate the
risks of their individual customers. The vehicles, referred to as
producer-owned reinsurance companies (PORCs), enable customers that
may be too small in their own right to go down the captive or
protected cell company (PCC) route to be
