Originally designed for use in the captive insurance
sector, the protected cell company has established itself as a
go-to-solution for a wide range of fund structuring in the 20 years
since its creation, writes Joe Truelove of Trident Trust on behalf of the Guernsey Investment
Fund Association.
2017 is the 20th anniversary of the introduction of protected
cell companies (PCCs) in Guernsey. Back in 1997 this was a truly
innovative legal concept which has been copied by many
jurisdictions since, often adopting the name of segregated
portfolio company. The structure was designed for use in the
captive insurance industry but has since found a myriad of
different uses, some of which are explored in this article. The
concept underpinning the structure is that the PCC is one legal
entity within which there are a series of pools of segregated
assets and liabilities. Apart from the cells there is also a core
which is responsible for the management of the structure and has
the
