Douglas Insurance (Gibraltar) Limited, a Gibraltar based captive insurer, reported a solvency ratio of 341% in its 2023 Solvency II disclsoure: the SFCR.
The company’s ratio fluctuated between 284% (2017) to 358% (2020) over the reporting period.
According to the Douglas Insurance (Gibraltar) Limited SFCR: The Company is specifically licensed by the Gibraltar Financial Services Commission (‘the GFSC’) to underwrite the following non-life products:
Class 13 – General Liability
Class 10 – Motor Vehicle Liability
All of the insurer’s Eligible Own Funds to meet the SCR comprises tier 1 restricted capital.
