Polygon Collective Insurance Company Limited (PCICL) was originally formed in 1975 to underwrite both captive and third-party insurance, specialising particularly in the international aviation sector. At the end of 2024, following a successful fundraise, we set out to re-establish PCICL to manage captives in run-off and as a specialist insurer.
We anticipate finalising the purchase of our first run-off company during Q1 of 2025 and expect to complete on at least one more purchase before the end of the year.
Based in Guernsey, Europe’s leading captive insurance jurisdiction, we are positioning ourselves as a purchaser of small captive run-offs in the sub £20m bracket. This market is underserved by the more established market players who typically seek run-off businesses closer to the £100m mark.
Towards the end of 2025 we hope to enter into our underwriting phase, looking at speciality products such as Reinsurance Credit Risk, Excess-of-Loss Reinsurance and Surety Bonds.
Backed by an exceptional team we are well placed to grow in areas that we feel are underserved within the local market.
As we look to expand our business we will be seeking investment to fund the next round of run-off purchases. Details of this offering can be downloaded here XXXXXX.
For more detailed information, or to discuss the investment please get in touch.
Get in touch for more information.
Contact UsThe Polygon Collective.
