A Cell Company Leader

As cell companies continue to see an increase in interest, Fiona Le Poidevin of Guernsey Finance discusses the growth of Guernsey's dynamic cell sector.

Guernsey has been long regarded as a pioneer in the use of cell companies, and developments at the beginning of this year have only enhanced our reputation for excellence in employing them as insurance products.

Statistics from the Guernsey Financial Services Commission (GFSC) show that, at the end of May, Guernsey had 344 international insurance entities, comprising 254 'pure captives', 68 protected cell companies (PCC), five incorporated cell companies (ICC) and 17 ICC cells. However, it is in the total of 395 PCC cells – an increase of 63 from the same time in the past year, where Guernsey has seen the most development.