Dominic Wheatley, chief executive of Guernsey Finance,
discusses how insurance milestones underline Guernsey's
expanded offering.
Confirmation that Guernsey ended last year with more than 800
international insurers was a terrific endorsement of our standing
and expertise across the insurance sector.
Figures from the Guernsey Financial Services Commission (GFSC)
show that there were 804 international insurers licensed in
Guernsey at the end of December 2015, made up of 242 limited
companies, 64 protected cell companies (PCCs), 444 PCC cells, 13
incorporated cell companies (ICCs) and 41 ICC cells. It was the
first time Guernsey has ended a year above the 800 threshold.
Our position as the number one captive insurance domicile in
Europe is well-known, but our offering in recent years has expanded
and evolved far beyond the tried-and-tested concept of creating a
wholly owned subsidiary to provide insurance to its non-insurance
parent company. That's not to say this
