Captives

For the past 30 years, Bermuda has provided the world with innovative capabilities not found elsewhere. Bermuda's success is attributed to the following factors:

  • Credentials. it has a favorable tax environment with a better reputation than
    other offshore domiciles. Bermuda also enjoys strong ties with the U.S and U.K.
  • Track Record. Bermuda has been an international risk management leader since
    the first captives were established in the 1960's.
  • Regulation. Historically, regulation in Bermuda is less cumbersome than other
    domiciles when it comes to captive insurers.
  • Communication. With advances in modern communications, time and distance
    issues are no longer a hindrance in doing business offshore.

Captives.
A captive is an insurance company that is created and controlled by a parent or group of parents to provide insurance for its owners. It perovides risk managers greater access to the reinsurance markets and control over cost.

Rent a captives.
A rent-a-captive offers the benefits of a captive insurance company without the capitalization requirements, administrative costs and legal ramifications associated with establishing and operating an insurance subsidiary, and can return underwriting profits and investment income to a participant.

If you are interested in Captives, please contact us for a quote.