Self insurance provision opened up

The Close facility will allow the set up of individual protected cells for clients within a Guernsey-based protected cell company (PCC).

Andrew Wallin, head of Oxygen’s Financial Risks team said: “Self insurance is not a new concept but, until now, the establishment and administration costs have made it uneconomical for all but the largest companies. Our service will now allow a wider range of businesses to achieve savings whilst avoiding the onerous set up procedures and high ongoing

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