AIG has received approval from the Guernsey Financial Services Commission to form a protected cell company in Guernsey, to be named AIG Insurance (Guernsey) PCC Limited (AIGPCC).
AIG Insurance Management Services (AIMS), AIG's global captive management operation, has also established a stand-alone captive management office in Guernsey, AIG Insurance Management Services (Guernsey) Limited (AIMS Guernsey).
David Sheil, named managing director of AIMS Guernsey, has more than fourteen years experience in the Guernsey captive market. Sheil joined AIMS Guernsey in 2005 from Prism Insurance Management, where he served as a director for 3 years.
“AIMS has for many years been one of the leading providers of captive management services throughout the world. Guernsey, the originator of protected cell company legislation and a leading captive domicile in Europe, is an established market for the sophisticated captive management services provided by the AIG Companies,” said David Stafford, regional director for AIMS Europe.
