Guernsey's flexible and responsive non-Solvency II regime
was a key factor as the island was again named the best non-EU
domicile at the 2018 European & UK Captive Awards.
The awards, hosted by insurance publication Captive Review,
recognise excellence in the delivery and management of captive
insurance.
Having also won in 2017, Guernsey was named ahead of three other
shortlisted jurisdictions – Delaware, Labuan and the State of
Vermont. The award was collected on behalf of the local industry by
Richard Le Tocq of Robus.
The judging panel, made up of insurance and captive management
professionals with deep expertise in the industry, noted that
Guernsey continued to lead the way for captive formations in Europe
– more than half of the 17 new licenced structures in Europe
in 2017 – and its non-Solvency II regime was a key
differentiator. They added that the island's infrastructure and
regulatory understanding of the captive concept were unique and
provided
