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Guernsey Seen As Top European Captive Domicile

by Jason Gorringe, Lowtax.net, London
25 February, 2016

Guernsey has been crowned European domicile of the year, for the fourth successive year, at the recent UK Captive Services Awards.

The UK Captive Services Awards recognize captive insurance service providers and jurisdictions that have demonstrated exceptional customer service and innovative product development over the past 12 months. Guernsey was shortlisted alongside Ireland, Gibraltar, Luxembourg, and Malta.

Dominic Wheatley, the Chief Executive of Guernsey Finance, the island's financial services promotional agency, said: "Guernsey's captive insurance offering continues to evolve and I am delighted that the island has received this award for the fourth year in a row. It is recognition of our leading international insurance expertise and a great way to begin 2016."

In addition, a number of Guernsey-based firms were named as winners in their respective categories including Aon Captive & Insurance Management, BWCI, Kane, White Rock Group, and Willis Towers Watson.

Wheatley said: "The Guernsey businesses which won in their respective categories have been particularly innovative in their approach to meeting client needs during the past year. This is the continuation of a long term trend within Guernsey's captive insurance industry and is something we will be looking to build on further during 2016."

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