Aon’s Captive & Insurance Management practice in Gibraltar is recognised as a leading financial services provider, managing close to 30 insurance company facilities for some of the largest companies in the world.

We employ qualified professionals with local knowledge and internationally experienced staff recruited from the London, Cayman & Dublin financial markets.

Following the introduction of protected cell company (PCC) legislation in 2001, Aon incorporated White Rock Insurance (Gibraltar) PCC Ltd.

About Gibraltar

Gibraltar is a British Overseas Territory located on the southernmost tip of Europe. As a self-governing and self-financing jurisdiction in its own right, Gibraltar enjoys a separate legal and tax system to that of the UK and operates a common law legal system. The Income Tax Act 2010, which came in force in 2011, abolished the 'tax exempt company regime' and officially transformed Gibraltar into an 'onshore' jurisdiction.

Gibraltar does not typically tax inbound dividends, interest and royalties, and there is no withholding tax on passive income. Additionally, VAT is not levied in Gibraltar. This makes Gibraltar an unparalleled domicile for UK financial services.


Gibraltar operates a territorial tax system with a low tax. Double tax treaties are not engaged, as double taxation is generally not a concern as taxes are only imposed on income accrued and derived from Gibraltar. Nevertheless, Gibraltar is an OECD 'white list' jurisdiction and is compliant with all OECD international tax standards on the exchange of tax information. To date, Gibraltar has signed a total of 26 Tax Information Exchange Agreements (TIEAs) with jurisdictions such as the US, India, Spain, France and Germany.

A Statutory Instrument passed by the UK Government in March 2019 permits Gibraltar financial services businesses, including insurance companies, to continue to have passporting rights into the UK post-Brexit.

The number of insurance companies writing new business in Gibraltar at present is 56. 13 of these insurance companies write general insurance business and are captives, three are protected cell companies (PCCs) that together manage 32 cell companies.

New insurance company/PCC cell setup and regulatory authorisation in Gibraltar is usually much faster than many other domiciles, with insurance companies/captives taking circa nine months, and new cells being authorised in as little as 14 days. Gibraltar was the first EU territory in which the re-domiciliation of an insurance company from outside the EU into the EU occurred. Gibraltar was the first EU territory to introduce PCC legislation and set up PCCs.

Our offering includes

Our team

  • Gaynor Brough – Managing Director
  • Steven Lawler – Director & Business Development

Contact us

Aon Insurance Managers (Gibraltar) Ltd
Suite 913 Europort
Gibraltar GX11
Tel: +350 200 43882
Email: [email protected]