Guernsey Cell Company Innovation Continues

Guernsey remains at the forefront of the cell industry and has seen considerable growth in the past few years. Fiona Le Poidevin of Guernsey Finance gives her insight on how the island has become a leader in insurance entities.

Guernsey has reaffirrmed its position as a cell company leader over the past 12 months with considerable growth in its insurance sector. The island remains ranked as the number one captive insurance domicile in Europe and the fourth largest globally. Figures from the Guernsey Financial Services Commission (GFSC) show that at the end of May 2013 Guernsey had 761 international insurance entities, comprising of 241 traditional captive companies, 70 protected cell companies (PCC) and 423 PCC cells, five incorporated cell companies (ICC) and 22 ICC cells.