Dominic Wheatley, Chief Executive of Guernsey Finance,
discusses the new wave of global interest that Guernsey looks to
build upon.
Guernsey underlined its position as Europe's leading captive
insurance domicile when it signed two Memoranda of Understanding
(MoU) with the Kashgar government and the China Captive Alliance at
the end of June.
Kashgar, located in the Xinjiang autonomous region in northwest
China, has become the dedicated centre for the country's
growing captive insurance sector, while the China Captive Alliance
is the most authoritative professional captive institution in
China. Both the Kashgar government and the China Captive Alliance
were eager to establish ties with Guernsey due to the island's
long and established history in captive insurance and our
reputation for innovation, which includes pioneering the cell
company concept with the introduction of the protected cell company
(PCC) for use in the captive insurance sector.
