The Protected Cell Company (P.C.C), also called the segregated portfolio company, is a very innovative corporate form that originates from Guernsey.
With a high demand on the market, particular in the captive insurance industry, many other countries started the offer the P.C.C. or similar facilities, including the Bermuda, B.V.I, Gibraltar, Mauritius and the Seychelles.
The P.C.C. is a corporate form divided in different “cells”, which are independent and separate from each other, and separate from the ´core´ cell. The assets allocated to each specific cell can only be liable for liabilities incurred by that cell and can not be attacked by creditors of the other company’s cells. The liabilities unrelated to a specific cell are covered by the non-cellular assets or the core cell.
The P.C.C. is mostly used for self-insurance purposes, or securitisation of company assets, for example to attract alternative capital.
Inco Trust provides the Protected Cell Company in the following jurisdictions:
British Virgin Islands, Gibraltar, Ireland , Isle of Man, Jersey, Mauritius, Seychelles.
