Originally published in Ardel Newsletter, November
2011
It was 14 years ago that Guernsey led the way in
pioneering the Protected Cell Company (PCC), says Ian Rouget,
Associate Director at Ardel.
Initially, the PCC was created for use within the Captive
Insurance sector – a field in which the island excels,
being the favoured European jurisdiction and number four in the
world. A Guernsey Protected Cell Company ("PCC") is a
single legal entity. It is one company with one board of directors,
one share capital and one memorandum and articles of
incorporation.
A PCC comprises a "core" and any number of cells.
Those cells can be created simply by a resolution of the board of
directors of the PCC. The PCC was used to encourage the captive
market by creating a framework where individual organisations could
share a captive structure as a far more cost effective solution
than creating individual captives.
