Guernsey's lofty reputation within the insurance
industry didn't happen overnight or without merit. Fiona Le
Poidevin of Guernsey Finance gives an overview of the successful
innovations the island has played host to in the past that now make
Guernsey a 24 square mile innovation lab for the captive
industry.
Innovation has been at the heart of
Guernsey's continued development as a leading international
finance centre.
The jurisdiction's mix of talent, independence and foresight
has allowed financial services to flourish and resulted in Guernsey
practitioners being among the most innovative in the world.
Guernsey's origins in the insurance industry actually date
back to the 18th century, while the island's first captive
insurance company was incorporated in 1922. Since then,
Guernsey's insurance market has grown to the extent that
research from Captive Review recognises the island as the largest
captive domicile in Europe and number four globally.
