The Guernsey Financial Services Commission has announced that William Mason will take up the role of director general when Nik van Leuven retires.
Guernsey Financial Services Commission (GFSC) has licensed 107 new international insurers in the last 12 months, consolidating its position as the largest captive insurance domicile in Europe.
The number of international insurance entities licensed in Guernsey has grown by 52 during the first five months of this year, according to Guernsey Financial Services Commission (GFSC).
The total value of Q1 funds business in Guernsey grew to £8.7bn during the first quarter of the year, or 3.3%.
Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Japan and Poland bringing its total number of TIEAs to 31, although recent statistics show investment in the island’s fund business dropped in the third quarter of 2011.
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