This year's first appearance by Guernsey as an exhibitor at the RIMS Atlanta Conference is clear acknowledgement of the Island's interest in expanding its insurance business links with the USA.
Many of Guernsey's 38 insurance company managers are offices of major international 'alphabet' brokers, an increasing proportion of whom now have US owners. Steve Butterworth, the Financial Services Commission's Director of Insurance, says: 'We trust that new developments in our insurance legislation, such as the introduction of Protected Cell Companies (PCCs), will encourage more US insurers to look at Guernsey as a viable alternative to Berinuda and the Caribbean territories especially as the Island is conveniently situated on Europe's doorstep and within very easy reach of the London Market'.
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