Guernsey - A Privileged View On Using PCCs

Stuart Tyler of Babbé explains to Captive Review the benefits of using a PCC and how Guernsey's regulation, specifically the fact it did not seek Solvency II equivalence, will be advantageous for the jurisdiction in the long run.

The first protected cell companies (PCCs) originated in Guernsey with the passing of the Protected Cell Companies Ordinance 1997. Ever since, these effective self-insurance vehicles have popped up in other offshore jurisdictions, including Cayman Islands, Bermuda and Mauritius. However, as the first domicile to establish PCCs, it can be said that Guernsey has a historical advantage over other offshore domiciles, with an experienced view of this sector. Captive Review talks to Stuart Tyler about the services offered on the island and why this solution should be at the top of companies' list of priorities.