Originally published in emea
captive, February 2012
Fiona Le Poidevin, Deputy Chief Executive of Guernsey Finance,
describes how captive owners continue to view Guernsey as an
attractive domicile – providing new evidence to support
her claims.
Current and potential captive owners continue to recognise the
attractions of Guernsey as a domicile. How do we know this? First,
independent studies show Guernsey remains the largest captive
domicile in Europe and number four globally. Second, other
independent research reveals that captive owners who use Guernsey
recognise the Island's expertise in the sector, its good links
to London and the pragmatic attitude of the GFSC.
The survey results also show that Guernsey's decision not to
seek equivalence with Solvency II has the backing of owners with
captives in the Island. Indeed, the Island's position regarding
Solvency II is being credited as one factor behind the surge of new
insurance licenses issued during 2011. These
