domicile

Guernsey Captive Insurance: Regulations, Requirements & Providers

Europe's longest-established offshore captive domicile.

At a glance

Jurisdiction
Guernsey
Domicile type
Offshore captive domicile
Active providers on Bastivo
2

Key characteristics

  • Regulated by the Guernsey Financial Services Commission (GFSC) under the Insurance Business (Bailiwick of Guernsey) Law, 2002
  • Pioneered the Protected Cell Company (PCC) structure in 1997, later followed by the Incorporated Cell Company (ICC)
  • One of the world's oldest captive domiciles, with its first captive formed in 1922
  • Several hundred licensed captive companies and cells alongside other international insurance and reinsurance vehicles
  • Zero rate of corporate tax on licensed captive insurers

Considering Guernsey

Why companies consider Guernsey

  • Over a century of captive-specific regulatory and market expertise
  • More than 40 percent of UK FTSE 100 companies hold a Guernsey captive, reflecting close ties to the London market
  • Fast-track authorisation available for qualifying cells, with typical licensing in four to eight weeks
  • Long-standing use of the cell company structure for shared and rent-a-captive arrangements

Key considerations

  • Requires at least one Guernsey-resident director and an independent director
  • Minimum paid-up capital starts at £100,000 for general business and £250,000 for long-term business, plus an annual own solvency capital assessment (OSCA) the board must calculate itself
  • As a Crown Dependency outside the EU, Guernsey has not sought full Solvency II equivalence, which may matter for groups with EU regulatory considerations
  • A Guernsey-licensed insurance manager must be engaged; confirm current capital and fee figures with the GFSC or a licensed manager

Each card shows how that provider relates to Guernsey — headquartered here, an office here, or serving the domicile.

2 companies

Oct 20, 2026How are these providers ranked?