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ARTICLE · 13 FEBRUARY 2026

Significant Risk Transfers In Guernsey

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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An unprecedented number of Significant Risk Transfers ("SRTs") were transacted through Guernsey vehicles in 2025. This briefing considers what is an SRT, how financial institutions utilise them and why Guernsey...

GuernseyInsurance

Briefing Summary:

An unprecedented number of Significant Risk Transfers ("SRTs") were transacted through Guernsey vehicles in 2025. This briefing considers what is an SRT, how financial institutions utilise them and why Guernsey is an attractive jurisdiction for them.

What is an SRT?

An SRT is a method of transferring risk from a single financial institution (usually a bank) to a wider pool of investors. SRTs are also known as a Credit Risk Transfers ("CRTs"), predominantly in the US. A typical SRT transaction looks like this.

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  • The originating bank holds a portfolio of assets on its balance sheet.
  • An SPV is established which enters into a transaction with the originating bank (often a derivative) in order to gain exposure to those assets.

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