Guernsey’s regulator has introduced a pilot scheme for pre-authorisation for insurance cells, and it has already been used for the first time.
The move, made in consultation with the Guernsey insurance industry and its representative body, the Guernsey International Insurance Association (GIIA), offers a pre-authorisation scheme that permits just-in-time creation of new captive cells in existing protected cell companies. The pilot is expected to run until...
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