The time to benefit most from captive insurance is now, says Guernsey Finance

Now is the perfect time to consider setting up a captive, according to Guernsey Finance.

Premium rates look set to harden during 2009 and there is concern over these hardening rates and the extent of coverage available in the commercial insurance market.

These changing conditions suggest a captive may be the best way of managing corporate risk, said Guernsey Finance.

Guernsey, a European captive domicile, will be holding a workshop in London on May 7 to explore the opportunities presented by establishing a captive.