Guernsey has seen a positive start to the year in the insurance
linked securities market.
Statistics for new cells of protected cell companies (PCCs), the
main method of writing new ILS business, are well ahead of those
for 2017 to date.
Industry figures say that business flows, from both established
and new clients, have been good so far in 2018. The industry saw
overall net growth, including ILS, of 2.2% last year, with top line
growth of 10%.
The total number of international insurers in Guernsey stood at
853 at the end of 2017, with more than half (57%) represented by
PCC cells, which Derek Maddison, Chairman of the Guernsey International
Insurance Association, said reflected the island's strong
position in ILS.
