Guernsey's unique offerings have been attracting
investors for many years, but as the ILS sector grows, four of the
Island's experts tell Intelligent
Insurer why Guernsey is a buzzing centre of
excellence for investors in this market.
Are you seeing growth in the ILS sector in Guernsey?
Poulding: There has been significant growth in
the ILS sector recently driven mainly by the use of cell companies
to structure transactions.
Helyar: ILS is the fastest-growing part of the
insurance sector in Guernsey with most of the new licences over the
past 24 months being in the ILS sector.
Wallen: Yes, ILS business in Guernsey has been
very much on the increase since I first started seeing transactions
of this nature back in 2007. In terms of the number of new vehicles
licensed by the Guernsey Financial Services Commission, ILS
represented approximately 80 percent of the new business Robus
established in Guernsey in 2013.
