Insurance Milestone Underlines Guernsey's Expanded Offering

Guernsey ended 2015 with more than 800 international insurers. It is the first time that the end-of-year figures from the Guernsey Financial Services Commission (GFSC) have recorded the Island being above the 800 threshold.

The latest figures show that there were a total of 804 international insurers licensed in Guernsey at the end of 2015, comprising 242 limited companies, 64 Protected Cell Companies (PCCs), 444 PCC cells, 13 Incorporated Cell Companies (ICCs) and 41 ICC cells.

This compares to a total of 797 international insurers being licensed by the GFSC at the end of December 2014, signifying a net growth of seven entities during the 12 months.

Over the course of 2015 the GFSC licensed 66 new international insurers. This included 13 limited companies, three PCCs, 43 PCC cells, four ICCs and three ICC cells.