protected cell company

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.

Arthur J. Gallagher & Co.’s insurance management unit Artex Risk Solutions is clearly serious about building out its insurance-linked securities (ILS) management capabilities, having just announced the acquisition of Guernsey-domiciled Hexagon Insurance PCC Ltd.

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.

Willis, the global insurance and reinsurance broker and advisor, has established a new protected cell company (PCC) named Encore in Vermont, which its says is open to hosting and facilitating insurance-linked securities (ILS) transactions.

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.