Guernsey has won the Non-Asian Domicile award for the second year in a row at the 2019 Asia Captive Review Awards presentation, which was held in Singapore last week.
The awards recognise and reward providers of captive insurance products and services that have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months. The winners were selected by a panel of 10 judges.
The Guernsey entry focused on the island's ongoing work in Asia to boost its captive business, and progress in the wider insurance sector over the past year, such as the introduction of the ILS rollover and the first hybrid vehicle for use in the ILS sector.
Guernsey Finance Chief Executive Dominic Wheatley (pictured) commented: “Interest in captives in Guernsey is growing in today’s hardening market and our local industry is seeing an increased level of inquiries. Our strengths remain our robust economic regime and our long track record in managing captives properly.”
• To view the full list of Asia Captive Review Awards winners click here