Richard Searle of BDO in Guernsey considers the development of
the cell industry in Guernsey.
Captive Review (CR): How has the cell industry developed in Guernsey?
Richard Searle (RS): We have seen positive news in Guernsey
around captives and reinsurance. That's coming through
relatively new innovations, particularly around insurance linked
securities (ILS).
There has also been a lot of recent success due to the Guernsey
rated-reinsurance structures. This is encouraging to see after a
period of relative anticipation with regards to the position of
captives in the United Kingdom. People are starting to see the
benefits of maintaining and creating captive structures.
Guernsey is a centre of expertise that provides a close
proximity to an array of different service providers. On the
cellular side, we are seeing a lot of growth. It has been a busy
year for Guernsey in terms of cell structures. This is especially
true of ILS contracts. This has involved the use of
