Celebrating a century of captive insurance

Monday 07 November 2022

More than 100 insurance industry professionals celebrated a century of captive insurance in Guernsey at a recent special event hosted by WE ARE GUERNSEY and the Guernsey International Insurance Association.

Held at the City of London’s Leadenhall building, the evening included a live podcast recording, with special guest Richard Cutcher of Global Captive Podcast, a long-time friend of WE ARE GUERNSEY.

He was joined by guests Mark Helyar, of Counsel at Bedell Cristin, Julia Graham, CEO of Airmic and Malcolm Cutts Watson of Cutts Watson Consulting.

“This is a truly remarkable landmark for what is possibly the oldest captive jurisdiction in the world,” said Mr Cutcher.

The first captive registered in Guernsey was in June 1922 by the Commercial Insurance Company Limited (CICL) and listed with the Guernsey Registry as the island’s first ever captive vehicle.

Rupert Pleasant, Chief Executive of WE ARE GUERNSEY, the island’s promotional agency for the financial services industry, told the audience that Guernsey continues to lead the way in creating innovative solutions to today’s challenges. 

“Guernsey is home to a specialist, pioneering and highly innovative insurance sector, boasting a position of leadership in the structuring and execution of alternative risk transfer for sophisticated clients.

“Guernsey has also made legislative advancements that have created a regulatory environment which allows for captive’s flexible use. This combination of experience and creativity means Guernsey is leading the way in providing cutting-edge solutions to meet clients’ complex risk transfer needs.

“The result is an environment perfect for start-ups, state of the art operations and niche providers.”

Pictured (l-r): Malcolm Cutts-Watson, Founder and Executive Chairman at Cutts-Watson Consulting Limited, Richard Cutcher, Executive Producer at Global Captive Podcast, Mark Helyar, Of Counsel at Bedell Cristin, Julia Graham CEO at Airmic.