Originally published in the Captive Review guide
'How to start a captive – Europe'
If you are thinking of setting up a captive vehicle there
are compelling reasons why you should consider domiciling it in
Guernsey.
Growth
During the past decade the Island's international
insurance industry has seen sustained growth and this has
continued during 2007 and into 2008 despite our maturity,
increased competition and difficult market conditions.
Figures from the Guernsey Financial Services Commission
(GFSC) show the number of international insurance entities now
stands at more than 700, with 368 international insurers and
345 insurance cells. As part of this growth Guernsey has become
home to Gold Coast City Council Insurance Company Limited
– the world's first local authority
captive.
