protected cell company

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.

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.

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 […]