Not seeking Solvency II equivalence “business opportunity” for Guernsey

Offshore captive business centre see economic case for swerving Solvency II


The decision of offshore financial centre Guernsey - home to the largest number of captive insurers of any locale in Europe - not to seek Solvency II equivalence will provide an "opportunity to attract new business", according to the chief executive of Guernsey Finance, Peter Niven.

Niven, head of the organisation tasked with promoting the Channel Island to international financial groups, says the decision to opt for International Association of Insurance Supervisors regulatory standards was a

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