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Guernsey Named Europe's Top Captive Domicile

by Jason Gorringe, Lowtax.net, London
28 January, 2015

Guernsey has been named European territory of the year for captive insurance business for the third year running at the UK Captive Services Awards.

Guernsey received the title at the Captive Live UK 2015 Conference, held on January 22-23, 2015, in London. Dublin placed second, followed by Gibraltar, Luxembourg, and Malta.

Dominic Wheatley, the Chief Executive of Guernsey Finance, said: "I am delighted that Guernsey has completed a hat-trick of wins in the European domicile category. We are very proud of our international insurance expertise and feel we had a very successful 2014. The award is a fantastic way for our captive insurance sector to begin 2015."

According to figures released by the island's insurance sector regulator this month, the number of insurance entities licensed in Guernsey grew by 39 in 2014, to 797, after a total of 85 licenses were granted during the year.

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