The Company is licensed and regulated in Guernsey by the Guernsey Financial Services Commission.

The primary pieces of legislation that apply to the Company are:

  • The Companies (Guernsey) Law 2008
  • Principles of Conduct of Finance Business
  • The Insurance Business (Bailiwick of Guernsey) Law 2002
  • The Licensed Insurer’s (Conduct of Business) Rules, 2018
  • The Insurance Business (Public Disclosure of Information) Rules, 2018
  • The Insurance Business (Solvency) Rules, 2015
  • The Cyber Security Rules, 2021

The Company and its Board is subject to the Finance Sector Code of Corporate Governance (“the Code”). Appendix 3 of which is applicable to Licensed Insurers and is consistent with the core principles of the International Association of Insurance Supervisors.

The Board is required to have, on an ongoing basis, an appropriate number and mix of individuals to ensure that there is an overall adequate level of knowledge, skills and expertise at the Board level commensurate with the governance structure and the nature, scale and complexity of the Company’s business.