Terence Rollins of The AMS Group takes a look at what the British Virgin Islands Captive Insurance Industry has to offer and examines why 1999 was such a good year for the domicile.
There’s a little caption that features on all the vehicle licence plates in the BVI which proclaims the BVI as " Nature’s Little Secret" and anyone who visits the islands quickly comes to appreciate its significance. Until quite recently the caption might just as easily have read "Captive World’s Little Secret" but its changing as the BVI’s popularity as an offshore domicile gathers momentum.
In 1999 fifty new ‘pure’ captives were registered in the BVI taking the total to 131 and placing it firmly in the top ten domiciles with every expectation of climbing beyond its present ranking of ninth. (There were also 6 new credit-life companies formed taking the total for those to 59).
