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ARTICLE · 05 JULY 2019

The Bermuda Captive Insurance Market

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Bermuda is the world's largest captive domicile with over 700 active captive licences on its register generating approximately US$54 billion in annual gross written premiums.

BermudaInsurance
Chiara Nannini
Chiara Nannini
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Bermuda is the world's largest captive domicile with over 700 active captive licences on its register generating approximately US$54 billion in annual gross written premiums. Having formed the first modern captive in 1962, Bermuda still maintains its global lead. The jurisdiction has earned international credibility as a leading global insurance and reinsurance market over the past 40 years and is among the world's top three insurance and reinsurance markets, along with London and New York. Captive insurers represent approximately 64 per cent of the Bermuda Monetary Authority's register of licensed insurers.

Why Bermuda?

Bermuda provides ideal economic, political and infrastructure conditions to support the development of its captive industry and has the benefit of being a 'one-stop shop'. Three generations of service providers, ranging from captive managers to attorneys and accountants, have gained unparalleled experience supporting the insurance industry on the

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