Clive James, COO of Kane, talked to Captive Review about
the expansion of Guernsey's ILS and cell company
markets.
Captive Review (CR): How is Guernsey, as a
jurisdiction, maintaining its competitive edge and bringing in new
businesses?
Clive James (CJ): The number of captives, cells
and PCCs set up in Guernsey recently clearly demonstrates that it
is growing its market position. Compared to other European
domiciles, it is ahead in terms of new formations. A key reason for
this is the quality of the island's infrastructure. Several
major managers are located here and have been for a long time.
It is a domicile which fosters innovation and the development of
new products. It provides an efficient regulatory regime, with good
communication lines between the regulators and the managers, as
well as a well-established service network, including legal and
accountancy firms. Guernsey's proximity to London also opens
the island up to a significant amount of
