Bermuda Set To Continue As Captive's Choice

While few would dare slight Bermuda’s beautiful beaches or personable populace, some competing jurisdictions have called into question whether Bermuda’s world-leading position as captive domicile of choice will continue. The answer, of course, is an emphatic ‘yes’.

Bermuda-based expertise, recent regulatory changes and Bermuda (re)insurance market developments among other factors, all suggest that Bermuda’s dominance as a captive domicile of choice will continue into the foreseeable future.

Captives, for those who may not know, are insurance companies established to cover the risks of a related company or companies. For example, this newspaper’s owner, The Bermuda Press (Holdings) Ltd may seek to cover risks relating to defamation, for example, through its own insurance company rather than using another local or overseas insurance company. It may choose to do so if the costs of set up, regulatory environment and running costs are favourable relative to the