The number of new captives has risen compared with 2018.
As of 31 December 2019, Bermuda maintained its position as the premier jurisdiction for captives, with a total of 715 captives writing gross premiums of approximately $40 billion.
This is according to the newly released captive number - registration statistics from the Bermuda Monetary Authority (BMA). It said that 22 new captives registered in 2019 compared to 19 in 2018.
Bermuda Monetary Authority, BMA