ILS And Beyond: Where Next For Cell Companies?

Fiona Le Poidevin of Guernsey Finance discusses the progression of cell companies in Guernsey and what the future holds for the industry.

Steve Butterworth is the former head of insurance regulation in Guernsey who, in that role, introduced the protected cell company (PCC) to the world in 1997. Delivering a keynote speech at Captive Live UK in February this year, he made a number of suggestions about how the cell company concept might develop in the coming years.

That one of his suggestions was a multi-use cell structure is probably not surprising given the way in which we see increasing convergence of the insurance and capital markets, primarily in the form of insurance-linked securities (ILS).