JLT Insurance Management (Guernsey) Ltd offers Rent-a-captive and Protected Cell Company facilities through Isosceles PCC Limited.
Rent-a-captive
A rent-a-captive facilitates the retention of risk by the client as an alternative to establishing a stand-alone captive. The facilities can also be used for niche insurance or reinsurance transactions.
There are many benefits of setting up a rent-a-captive over a stand-alone captive, some of these are: " Lower or no start up costs " Lower exit costs " Less lead time for establishment " No board structure required as the Isosceles companies already have established boards " No visits to the domicile required " Lower operating costs
Protected Cell Company
Isosceles PCC Limited was formed in 2007 under the Protected Cell Company Ordinance 2005.
The legislation allows for creation of Cells in which clients assets and liabilities can be placed and segregated from those of other Cells.
The company has current capital and surplus of £150,000. The PCC structure does not allow recourse from cell to core. Cells need to be fully secured by capital, LOC or other acceptable guarantee
For more information please contact Richard Le Tocq or Shaun Le Prevost.
