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ARTICLE · 30 MARCH 2026

Bermuda Monetary Authority 2026 Business Plan: Overview & Expertise – Insurance (Captives)

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Bermuda is one of the leading captive insurance markets in the world with over 600 registered captive insurers writing an impressive ~$30 billion of annual gross written premiums

BermudaInsurance
Cameron Adderley
Cameron Adderley
Matthew Carr
Matthew Carr
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Bermuda – Leading Captive Insurance Market

Bermuda is one of the leading captive insurance markets in the world with over 600 registered captive insurers writing an impressive ~$30 billion of annual gross written premiums.

Captives are licensed and regulated by the Bermuda Monetary Authority (BMA) via the Insurance Act 1978, as amended (IA). The IA bifurcates captives into two main categories – general business and long-term. Generally speaking, the former writes property and other short-tail business while the latter category writes long-tail lines of business.

Bermuda’s captive market continues to thrive for a number of reasons, including, regulatory excellence (with which ratings bodies are very familiar), proximity to world-leading reinsurance market, speed of licensure, geographic proximity to global hubs of commerce, and a deep bench of experienced service providers.

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