The Isle of Man insurance regulator has endorsed the establishment of Regency Underwriting, a protected cell company (PCC) formed by CGI Insurance Services (CGI).
The PCC will enable CGI to divide assets and liabilities between individually owned cells, said the company. Creditors of a particular cell will be provided with access to assets of their own cell.
The company said the structure would offer a series of services to its clients. This included allowing clients to establish their own captive and enabling the company to run off existing captive programmes.
