Potential uses for a cell of a PCC

There are no restrictions regarding the type of business that can be undertaken by a cell but a business plan must be submitted to the GFSC for approval. Below are some examples of the potential uses for a PCC and the types of business that could be undertaken:

  • An intermediate or alternative step for clients considering the possibility of establishing their own captive
  • Access to reinsurance markets including terrorism pools such as Pool Re
  • Niche products where conventional market cover is unavailable or expensive
  • Joint venture undertakings
  • Special purpose vehicles
  • Commutation of captive programmes
  • As a reinsurer for customer services, e.g. extended warranty, mobile phone guarantees etc.