A Protected Cell Company ("PCC") is a single legal entity comprised of a core, and a number of segregated parts, or "cells.". A PCC is formed by a sponsoring entity. The sponsor (in this case Marsh) manages the PCC through a Board of Directors and provides minimum regulatory and operating capital (the "core").. Protected Cell Captive Insurers Rather than pool its insureds' risks, a rental captive may keep a separate underwriting account for each insured participant. In some domiciles, these accounts are legally separated or protected, and the term "cell captive" or "protected cell company (PCC)" is used, indicating that each insured's assets are kept.

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a cell of a PCC into a non-cellular company. The letters "PCC" or "Protected Cell" must be included in the PCC's name. The Memorandum of Incorporation must state that the company is a PCC. Additionally, each cell must have its own distinct name and assets. A PCC can either issue shares attributable to the cell or the core.. What is a Protected Cell Company? A PCC is an insurance vehicle whereby multiple 'cells' are connected to a core; creating a single legal entity. A 'cell' is an insurance facility that can be rented by a single company to underwrite its specific risks - a form of risk retention vehicle. The PCC sponsor sets up the core, which manages.