Guernsey Is The UK’s Captive Domicile Of Choice

This article was originally written on Wednesday, 28 March 2007.

A new report from insurance broking giant Marsh has revealed that half of the captives established by UK companies are based in Guernsey.

According to the survey, Guernsey accounts for around 50% of the UK captive market, followed by Isle of Man (21%), Bermuda (15%) and Ireland (8%).

"This report illustrates that Guernsey is very much the UK’s captive domicile of choice," said Peter Niven, Chief Executive of GuernseyFinance – the promotional agency for the Island’s finance industry.

"In doing so it provides further evidence that businesses seeking captive insurance solutions highly value Guernsey’s excellent offering, including substantial expertise and ongoing tradition for innovation."