Originally Published: Global Assets Online, July 2007
In 2007 Guernsey is a thriving captive insurance domicile. During the last century Guernsey’s captive insurance industry has expanded enormously to make the Island what it is today – the pre-eminent captive insurance domicile in Europe and amongst the leaders in the world.
There are challenges to be met, for example the Island is a mature captive insurance domicile, the nature of the industry is changing and there is increased competition from other jurisdictions.
However, Guernsey is well-placed to maintain its position at the head of the pack: the Island’s political, economic, geographical and cultural positioning remains attractive; its evolution into a leading captive insurance domicile proves that it is capable of adapting to changing circumstances; in doing so it has accumulated a wealth of expertise and a first class infrastructure; and it takes a progressive outlook and is therefore continually developing for the
