Bermuda Captive Industry – Still Substantially In The Lead

This article first appeared in Captive International, March 2020.

Fears that the implementation of an "economic substance" regime in Bermuda might dent its prominent captive industry appear to have been misplaced. If anything, recent developments look set to strengthen rather than undercut Bermuda's global position in the captive arena, particularly given the strategic advantage that its recent "white-listed" status gives it over an important competitor in the area, the Cayman Islands. These developments, coinciding as they do with a recent hardening of rates in many property and casualty lines, promise fair winds for Bermuda's captive industry in 2020.

Bermuda's global position in the captive sector