Financial
Financial Stability
The success of George and Grey Insurance Limited is built around robust financial principles and compliance with the regulatory framework administered by the Guernsey Financial Services Commission (GFSC).
Solvency Summary 31st December 2023
| Minimum Capital Requirement (MCR) | 100,000 |
| Net Assets available for cover | £1,541,278 |
| Percentage Cover | 1,541% |
| Prescribed Capital Requirement (PCR) | 105,737 |
| Net Assets available for cover | £1,541,278 |
| Percentage Cover | 1,458% |
In accordance with the approved licence, the Board has adopted PCR as its Own Solvency Capital Assessment (OSCA).
Compliance Report
On behalf of the Board of Directors, Artex Risk Solutions (Guernsey) Limited have completed their most recent compliance report for the period ended 5th April 2024. The executive summary is shown below.
Report to follow.
Executive Summary
In our opinion the financial statements have been properly prepared, in all material respects, in accordance with the applicable financial framework described in Note 2 and comply with The Insurance Business (Bailiwick of Guernsey) Law, 2002.
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