Insurance buyers and intermediaries have stepped up their
interest in using captives as a result of attending last week's
Guernsey seminar 'Captive insurance – beat the
trend'.
The event saw insurance industry experts from Guernsey and the
UK tell a London audience why there is no better time to establish
a captive and the extensive opportunities that exist in the Island
– the leading captive domicile in Europe.
Peter Niven, Chief Executive of Guernsey Finance – the
promotional agency for the Island's finance industry, said:
"This seminar was designed to capitalise on the evolving
market conditions and from the attendance figures and the response
we received it has certainly been a major success. Our service
providers have seen an increasing number of inquiries about
captives in the past few months because of changing conditions in
the commercial market, not least the hardening of premium rates.
This attitude was reflected in the number and quality of
