Guernsey licensed 46 international insurance companies to operate on the island in 2013's first half. These include limited insurance companies, protected cell captives and incorporated cells.
There are now 766 insurance companies on Guernsey, the world's fourth-largest captive insurance domicile. These companies wrote about $7.1 billion in gross premiums last year.
Paul Sykes, Managing Director of Aon in Guernsey and the current Chairman of the Guernsey International Insurance Association (GIIA), said that the island has seen "an uptick in insurance linked securities (ILS) cells being launched," which he identifies as the driving force behind Guernsey's recent increase in established cells.
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