The Guernsey Financial Services Commission released a report showing that, by the end of 2016, Guernsey had 837 captive insurers in total, up 33 from 804 in 2015, including 242 insurance companies (comprising pure captives, reinsurers and life insurers), 65 PCCs, 14 ICCs, 414 protected cells, 58 life protected cells and 44 incorporated cells.

       In 2016, Guernsey added 11 new captive insurers, including 4 protected cell companies, 6 insurance companies and 1 incorporated cell captive (ICC), and established a total of 87 protected cells.
       In March 2016, Argosy Insurance Company, owned by major Greek shipping company Tsakos, moved from Bermuda to Guernsey.