Guernsey's insurance industry is renowned for its innovation and professionalism in providing a range of risk management solutions such as pure captives, commercial insurers, reinsurers and ILS using vehicles such as cell companies to write an extensive range of business.

[Last updated: 27/06/16]
Regulatory contact:
Jeremy Quick, Director of Banking and Insurance Supervision and Policy
Address of regulator
Guernsey Financial Services Commission, Glategny Court, St Peter Port, Guernsey, GY1 3HQ
Telephone Number
+44 1481 712706
Email Address

Name of Captive Legislation
The Insurance Business (Bailiwick of Guernsey) Law, 2002
Year Legislation Passed
Recent Amendments
The Insurance Business (Solvency) Rules, 2015
Do you allow Cell Captives?
Total Number of Licenced Captives
Licensed international insurers 320 
Protected Cell Companies 56 (excluding ILS, 286 including ILS)
Incorporated Cell Companies 17 
Number of Risk Retention Groups or Group Captives
Number of Single Parent Captives
Licensed international insurers 230 
Number of Cell Captives
Protected cells 286
Incorporated cells 55
Number of licences granted in the past year (2015 calendar year)
23 (of which 17 cells)
Approximate (or Average) length of time to process a new captive
30 days
Captive tax rates 
Minimum capitalisation rate
£100,000 General or £250,000 Life
Licencing fees 
Application – Insurer £5,596, Cell £1,830
Annual – Insurer £5,596, Cell £1,830
2017 fees currently out for consultation.
Top 5 uses for captives in the domicile
Public Liability
Employer’s Liability
Total premiums received by the Captives
£5.10bn (2017)
Total value of assets under management
£28.33bn (2017)
Captive Insurance Managers registered to conduct business in the domicile
See link
Licensed Insurance Managers

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