Guernsey is seeing increasing numbers of applications for
insurance licences.
The Guernsey Financial Services Commission (GFSC) has reported
that although 2009 began a little quietly, applications for
insurance licences have shown a marked increase since April.
Figures from the GFSC show that during the first five months of
the year it received 14 licence applications, six of which have
been for pure captives. This is significantly up from the nine
applications made during the first five months in 2008, although
comparable with those for the same period in 2006 and 2007.
"This is extremely positive news for Guernsey's
insurance industry," said Peter Niven, Chief Executive of
Guernsey Finance – the promotional agency for the
Island's finance industry.
