Has the Cell Company Come of Age?

This article was originally published in MENA Fund Manager, Issue 7 (May 2010)

Mark Helyar of Bedell Cristin in Guernsey outlines why the Protected Cell Company concept born in Guernsey in 1996 has become a worldwide success story

The protected cell company was first created in Guernsey in 1996, as a significant refinement and development of a type of segregated portfolio company then utilised in Bermuda. Its first and primary use was in the risk management sector, to enable liabilities relating to insurance or reinsurance policies to be segregated from assets which did not derive from or relate to the premiums and reserves relating to those specific policies and underlying risks by separating them into different individual 'cells'.