The Strongest Link

This article was originally published in Captive Review, July 2010

Martin Le Pelley from Heritage Insurance Management looks at how the successful process of amalgamating two Guernsey PCCs gives an indication of how valuable the PCC vehicle may prove following a significant regulatory change such as Solvency II.

In March of this year, Friary Court Insurance PCC (Friary Court), the ex-Heath Lambert-owned cell captive facility which was acquired by Heritage Group as part of the acquisition of Heath Lambert's captive management operations, was amalgamated with Heritage's Harlequin Insurance PCC (Harlequin). This was the first time two protected cell companies (PCCs) have merged.