Captive Management Service
This service is provided in partnership with independent captive management businesses, which specialises in the formation, management and operation of captive insurance companies including protected cell companies.
Guernsey is one of the world’s foremost insurance domiciles and Europe's leading centre for innovative alternative risk solutions. Over 40% of the top 100 FTSE companies have chosen Guernsey as their home for their captive insurance companies. Guernsey was the first domicile in the world to introduce the Protected Cell Company (PCC) concept which has become a hugely popular insurance vehicle around the world.
Any organisation or even a mutual trade group can benefit from using a captive management insurance model, provided the total premium exceeds £250,000 for a captive or £100,000 for a protected cell company.
- Feasibility Studies:
- Structured solutions for self-insurers:
Protected cell company
Choice of domicile including both on and offshore jurisdictions in Europe or Bermuda
- Management services:
Insurance and reinsurance programme structuring
Premiums and claims processing
Letters of credit facilitation
Investment strategy implementation
Financial statement preparation
Regulatory filings and other financial reporting
Fiscal representative for UK insurance premium tax