The number of international insurers licensed in Guernsey has broken through the 800 mark, according to the latest figures from the Guernsey Financial Services Commission (GFSC).
In the first six months of the year, the GFSC licensed 45 new international insurers, taking the total to 816. This compares to 797 international insurers at the end of December 2014, signifying a net growth of 19.
The new licensees comprised six limited companies, two Protected Cell Companies (PCCs), 30 PCC cells, one Incorporated Cell Company (ICC), two ICC cells and four life policy cells.
Further data on the new licences reveals that their owners originate from a range of locations such as the UK, Cayman Islands, Finland and Switzerland, while the range of businesses written includes Insurance Linked Securities (ILS) and insurance lines covering property, After the Event (ATE) legal expense, and longevity risk.