incorporated cell company

Insurance and reinsurance broker Aon has further expanded the reach of the protected cell facilities it offers through Aon Insurance Managers under the White Rock Group branding, adding the District of Columbia, U.S. as a seventh domicile location for the vehicle.

Insurance and reinsurance broker Aon’s protected cell facilities under the White Rock Group brand continue to experience growth in terms of clients and cells established, with insurance-linked securities (ILS) and collateralised reinsurance a key driver.

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.

The latest insurer registration figures from the Guernsey Financial Services Commission (GFSC) show that the domicile has continued to see an increase in the formation of protected and incorporated cells, many ILS related, in 2013.

The growth and expansion of the insurance-linked securities market for risk transfer and reinsurance-linked investments is driving an increase in the formation of protected and incorporated cells in the domicile of Guernsey. In the first-half of 2013 the Guernsey Financial Services Commission (GFSC) has licensed 46 international insurance entities.

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, […]