guernsey

The island domicile of Guernsey has experienced higher insurance-linked securities (ILS) and collateralised reinsurance activity in 2018 so far, compared to the prior year, as use of its protected cell company (PCC) structure continued to increase and now aims to innovate to drive further market growth.

Insurance-linked securities (ILS) and collateralised reinsurance business dominated new business generated through vehicles registered during 2015 in Guernsey, as the domicile continued to prove an attractive location for ILS transactions to be completed in.

First-half 2015 insurance and reinsurance company registrations in Guernsey show that the domicile continues to have success in attracting collateralised reinsurance, ILS and longevity risk transfer related protected and incorporated cell business.

Robus, the Guernsey based independent insurance manager and owner of the Hexagon PCC which works with ILS managers and investors to facilitate protected cells for collateralized reinsurance deals, has added two new directors to its team.

Of 85 insurance and reinsurance vehicles licensed in Guernsey during 2014, 45% of the business underwritten during the year was insurance-linked securities (ILS) related, demonstrating the domiciles attractiveness for ILS transactions.

The latest insurance and reinsurance entity registration figures from the Guernsey Financial Services Commission (GFSC) show that the domicile has continues to grow the formation of protected and incorporated cells, many ILS related, over the last year.

Guernsey, one of the Channel Islands which sits in the English Channel south of the UK and close to France, is one of the world’s leading locations for licensing and domicile of international insurance entities. It has long been home to captive insurers, protected cell companies (PCCs)and incorporated cell companies and is now home to […]

You’d be forgiven for thinking that the insurance-linked securities market was strictly limited to Bermuda, the Cayman Islands and occasionally Dublin, Ireland. Looking through our Deal Directory of transactions those are the main domiciles which crop up as the home of ILS and catastrophe bond issuers. However there is activity in another offshore domicile, Guernsey, […]

There’s an interesting article (may require login) on the FT.com website which discusses Guernsey and its ambitions to continue to be the leading captive domicile in Europe but to also broaden its scope to take more advantage of reinsurance and its convergence with the capital markets through alternative risk transfer.