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ARTICLE · 21 OCTOBER 2011

Guide To Insurance Companies In Guernsey (October 2011)

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Guernsey is well renowned for its insurance industry, which has origins dating back to the 18th century and has an excellent reputation for innovation and professionalism in international insurance.

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1. INTRODUCTION

Guernsey is well renowned for its insurance industry, which has origins dating back to the 18th century and has an excellent reputation for innovation and professionalism in international insurance.

Guernsey's insurance sector includes commercial insurers and captive insurance companies, which have been incorporated in the Island since 1922. Guernsey has grown to become the leading captive insurance domicile in Europe and number four in the world.

As at 30 September 2011, Guernsey played host to 682 international insurance entities, which comprise 344 international insurers and 338 PCC cells (including life cells). At the end of 2009, the international insurance industry in Guernsey had gross assets of £23.4bn, a net worth of £8.1bn and wrote premiums to the value of £3.4bn.

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