Bermuda is one of three major insurance centres, the most important property and catastrophe market, and the largest captive insurance market. The island also has the world’s largest share of ILS listings ($19 billion, more than 75% by Q1 2016).
The Financial Institutions Commission (FICOM) is an agency of the provincial government, which administers nine statutes, including the Insurance (Captive Company) Act, providing regulatory rules for the protection of the public in the province of British Columbia.
The British Virgin Islands has a robust legal and regulatory framework which offers a seamless approach to the formation of captive insurance companies. The BVI Financial Services Commission along with the highly qualified insurance sector service providers are well placed to meet the varied needs of those considering efficient and timely captive formation.
CapVisor Associates, an SEC-registered investment advisory firm, works with Captives to provide highly customized services to optimize their investment program’s results. We bring more than 100 years of combined insurance asset management experience to correlate investment strategies with business objectives.
Over the last four decades the Cayman Islands has matured into one of the world’s largest international financial centres and a leading captive and (re)insurance domicile known for its appropriate, effective and efficient supervision in accordance with relevant international standards.
Crowe LLP is one of the largest public accounting, consulting, and technology firms in the United States. Under its core purpose of “Smart Decisions. Lasting Values.TM” Crowe uses deep industry expertise to provide services to more than 450 insurance clients.
Delaware is the gateway to US markets. Through it's nationally/internationally recognized position in corporate laws, governance and preeminent business climate, this domicile is “where business gets done”. Delaware’s location between the centers of political and business power- Washington DC, and New York City makes it convenient in forming a captive in a nationally recognized and respected captive domicile.
In 2015, Georgia Insurance Commissioner Ralph Hudgens launched an effort to expand Georgia’s Captive industry. By promoting Captive legislation consistent with best practices, creating a dedicated Captive division within the Department of Insurance, and strengthening relationships and open lines of communication between the Department and Georgia’s Captive industry, he continues to demonstrate his commitment to achieving this goal.
Gibraltar has access to the single European market. Insurers benefit from a competitive tax regime, an accessible, approachable and pragmatic regulator enabling the swift and efficient transaction of the industry’s business. Gibraltar has leading captive legislation and was the first EU territory to adopt PCC legislation.