protected cell company

The Channel Island of Guernsey continues to push innovation for the insurance-linked securities (ILS) sector, as it seeks to provide new options that meet the needs of those seeking risk transfer, those managing the risks and the end-investors, by the enactment of flexible legislation.

Guernsey has launched a new hybrid insurance-linked securities (ILS) vehicle, an all-in-one structure that can act as both re/insurer and ILS fund, which aims to make ILS fund managers operational lives easier.

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-linked securities (ILS) and collateralised reinsurance activity in the island domicile of Guernsey has accelerated in 2018, with more than double the number of ILS structures established in 2018 so far compared to the whole of last year.

As the insurance-linked securities (ILS) market continues to expand the need for new structures and increased efficiency is growing across the sector, a trend that has seen the island domicile of Guernsey push for the development of a more transparent vehicle for investors that supports “true convergence” in ILS.

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.

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.

The owner of private equity backed international insurance and reinsurance broker RFIB Group Ltd. is rebranding to Risk Transfer Group (RTG), as part of a strategy to double revenues in three years, to include setting up a Guernsey protected cell company (PCC) and recognising that combining InsurTech and the capital markets is a significant opportunity.

Gibraltar will make it easier for licensed Protected Cell Companies (PCC’s) to underwrite third-party insurance and reinsurance business, after the regulator has relaxed its view and will now treat applications to do so on a case-by-case basis.

Artex Risk Solutions, the insurance and reinsurance management unit of broker Arthur J. Gallagher & Co., has continued its expansive ambitions and has acquired Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar, which of course is another domicile with ILS ambitions.