Premiums paid to Captive Alternative’s (CapAlt) captives under management rose by 40 percent in the fourth quarter of 2016.
The captive insurance consultant and management firm partially attributes this rise to the centralising of its captive operation in Puerto Rico, which it believes makes it an attractive domicile for US captives.
“In 2016, a wide range of business owners discovered the benefits of owning a captive insurance company, and we are honoured to report that premiums under management jumped significantly during the fourth quarter,” said Mark Jacobs, CEO of CapAlt.
“We believe that centralising our captive operation in Puerto Rico was one of the driving factors of our success in 2016. Puerto Rico’s efficient, business-friendly environment makes it an ideal domicile for US-based captives,” he said.
CapAlt helps to set up and manage the day-to-day operations of its clients’ captives.
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Captive Alternatives, Puerto Rico, Latin America, Captives, North America