Euroguard has converted into a protected cell company (PCC).

The Gibraltar-based captive has changed its structure from a contractual cell company in order to ring fence individual cells' assets and enable each cell to operate as a distinct entity.

Lisa Vorwerg, director of Euroguard, said: “Euroguard's conversion to a PCC is a strategic milestone for the company. Gibraltar is perfectly placed as a domicile to access clients through its European Union passporting rights and, having the PCC structure to support our business model, will provide further opportunities for clients to enter the alternative risk transfer market.”

Euroguard is a member of the Alexander Forbes Group.