Has Guernsey Truly Earned Its Place As An International Insurance Centre?

Originally published in International Reinsurance Review 2009/10, October 2009

Guernsey has been at the forefront of the captive insurance industry in excess of 30 years. During that time it has seen the sector grow beyond all recognition, while bearing witness to management improvements, leading to business capacity expanding, without excessive drain on personnel resources. These developments and efficiencies, combined with close proximity to London and European insurance centres, mean that Guernsey is in an unrivalled position to deliver the same services to insurers and reinsurers publicly declaring their desires to develop business portfolios in a well regulated, low tax and insurance focussed jurisdiction.