Captive Insurance In Bermuda

Bermuda is the world's leading domicile for captive insurance companies, with over 600 active captive licences on its register generating over US$24 billion in gross written premium¹. 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 50 years and is among the world's top three insurance and reinsurance markets, along with London and New York, experiencing recent growth due to the current hard market and a growing trend for increased diversification to write emerging risks such as climate, cyber and employee benefits given the current lack of suitable solutions in the commercial market.