Guernsey’s Val des Terres is the Formula 1 of British hillclimbing. Racing cars must be agile as they twist and turn to reach the top.
Similarly, Guernsey’s autonomy allows us to respond quickly and shift to the changing needs and direction of the financial market.



Guernsey makes an increasingly attractive location to conduct reinsurance business with its  favourable time zone and proximity to the London and European insurance markets. As a global finance centre of substance, Guernsey boasts a breadth and depth of financial services expertise and experience within a proven and respected regulatory environment. 


Full suite of structuring options

In total, there are almost 700 international insurance and reinsurance entities in Guernsey. Local providers offer insurance management services to the full spectrum of insurance vehicles including: 

  • captives 
  • reinsurance subsidiaries 
  • sidecars 
  • transformers 

Due to the growing frequency of enquiries, the Guernsey International Insurance Association (GIIA) has produced a guidance note on the formation and management of insurance and reinsurance special purpose vehicles in Guernsey. 


Proportional regulation

The Guernsey Financial Services Commission (GFSC) supervises the insurance and reinsurance sector through a risk-based approach that is tailored to your business.  

Guernsey's regulatory regime distinguishes between commercial (re)insurance and captive insurance. While commercial (re)insurance companies in Guernsey may choose to comply with the full requirements of Solvency II, captive insurers may choose to comply with a less onerous set of rules. 

Read more here. 


Modern insurance law

Guernsey first introduced insurance legislation in 1986. The legislation applicable to insurers and reinsurers today is the Insurance Business (Bailiwick of Guernsey) Law, 2002 (as amended) (“the Law”).

The island has introduced a series of regulations to the Law since 2002 in order to ensure that it remains fit for purpose.  

Insurance managers conducting reinsurance business within Guernsey’s growing reinsurance sector include Barbican Re, Kelvin Re, Nomura Re, Solidium Re, and Humboldt Re. 

Learn more about Guernsey's reinsurance offering


Insurance managers conducting reinsurance business within Guernsey’s growing reinsurance sector include Barbican Re, Kelvin Re, Nomura Re, Solidium Re, and Humboldt Re.

Humboldt Re is a privately owned reinsurance company based in Guernsey that mainly provides short-tail property and specialty lines reinsurance. With an initial capital outlay of CHF 500 million, Humboldt Re intends to build a portfolio of approximately CHF 140 million gross written premiums, with globally diversified reinsurance exposures focused on property catastrophe.

The Company offers cedent partners valuable risk transfer opportunities through its diversified business profile and significant line size which is facilitated through the distribution and reach of a leading insurance-linked securities originator, currently with assets under management of approximately USD 7.1 billion.

The Company was established in Guernsey as a result of its (re)insurance expertise, firm but proportional regulatory environment and its proximity to Central Europe. Humboldt Re employs seven staff and is bolstered by a local insurance manager which provides any support services required by the Company. The Company is licensed by the Guernsey Financial Services Commission.

A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer rating of A- to Humboldt Re Limited.

In assigning its ratings to Humboldt Re, A.M. Best said: "The ratings reflect Humboldt Re's diversified projected underwriting exposure within the natural catastrophe spectrum, expected strong risk-adjusted capitalisation, a risk management framework adequate to its intended business profile and its experienced management. Offsetting rating factors include the challenges related to the immediate execution of its proposed business plan in current market conditions."

Despite challenging market conditions, the first half year results of Humboldt Re are encouraging and are on track to exceed its first year business plan objectives.

The outlook is positive and exciting for Guernsey’s latest commercial reinsurance company.