Guernsey

Guernsey is a popular European domicile for many UK defined benefit (DB) pension scheme longevity swaps, according to Christopher Anderson, partner at law firm, Carey Olsen.

Companies in certain European countries are less likely to utilise cells than others, according to Jelto Borgmann, captive portfolio manager at HDI Global.

The Dubai International Financial Centre (DIFC) has increased the registration of insurance and reinsurance firms by 20%, including the first re-domestication of a Guernsey-based captive.

I have read with interest numerous articles discussing the possible Brexit Bonuses available to the UK. Principle among these bonuses is refining Solvency II regulation to better reflect the UK’s leading global (re)insurance industry.

Members of Pool Re, Great Britain’s terrorism reinsurance pool, have backed formal proposals from the Pool Re Board to change the current Pool Re scheme.

PoloWorks, which launched a new independent captive manager in Guernsey last month, has announced a joint venture with PwC UK – PoloPartners – with an initial focus on captive solutions.

Howden has ventured into the captive market with the acquisition of Guernsey-based ARM Group Holdings (ARM), the parent of Alternative Risk Management, an independent European insurance manager and a specialist in the formation and management of captives.

Guernsey licensed four new pure captives and protected cell company (PCC) in 2023, while eight pure captives surrendered their licences.