Originally published in Captive Review, Guernsey
Report, 2009-10, October 2009
Guernsey is a leading financial jurisdiction well
prepared for the future, says Peter Niven of Guernsey
Finance.
Guernsey's development in captive insurance has been steady,
long lasting, of benefit to all stakeholders and it has been at the
forefront of the island's finance industry in excess of 30
years. Not so well known is the island's development as an
insurance and reinsurance centre. This article considers why
Guernsey is so suited to this wider role.
Current driving forces
At a time when certain insurers and reinsurers, including
Lloyd's agencies, are on record as saying that Britain presents
excessive costs and taxes, Guernsey provides an established,
well-regulated, attractive and cost-effective solution to those
issues. Guernsey, with its professional approach to business and
track history of unrivalled innovation, offers all the attributes
required for effective
