AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Bermuda - Island snares more captives.
(From Reinsurance)
Byline: Vic Wyman.
Within weeks the Bermuda Insurance Management Association (Bima) might for the first time be able to reveal detailed figures about what is believed to be rapid growth on Bermuda of captive (re)insurance.
Bima has commissioned research into the island's (re)insurance market that might yield figures soon. "There's a concern that the existing statistics do not reflect the amount of business," says the Bima president Rory Gorman, of the broker Marsh.
Bermuda claims to be home to more captives than anywhere else. The Bermuda Insurance Institute says that 30% of the estimated 4000 captives worldwide are domiciled there.
However, Mr Gorman is realistic enough to suggest that the Bima survey may not extract enough information to reveal the true state of the market.
Rating agency AM Best points out that captive statistics in Bermuda are difficult to pin down because most captives have Class 3 operating licences - a category that covers both captive and non-captive entities.
- Bermuda's value proposition: in the eyes of captive owners, Bermuda is a great...
- Magazine article from: Risk & Insurance August 1, 2006 700+ words
...polled in the First Annual Bermuda Captive Conference Risk &...R] Survey. And 126 captive owners were eager to...about doing business in Bermuda, including the Island...services provided to captives from bankers, lawyers...
- Hardening market may boost Bermuda captives.(spotlight on captive insurance...
- Magazine article from: Business Insurance March 6, 2006 700+ words
...2006. While captive companies...licensed in Bermuda-approximately...insurers are captives-numbers...number of captives liquidated...two leading captive managers...Services (Bermuda) Ltd. and...Managers (Bermuda) Ltd...reported fewer captives under management and lower ...
- Adapting to a soft market. (Bermuda captive insurance market)(Captives...
- Magazine article from: Risk Management Roberts, Peter M. March 1, 1997 700+ words
If Bermuda can be used...performance of the captive insurance industry, then captives have indeed...world's captives. Despite...issues, Bermuda's captive sector has...healthcare captives were added to the Bermuda register...Bermuda's captive managers...
- Still in the lead: Bermuda, the global leader when it comes to hosting captive...
- Magazine article from: Risk & Insurance Crombie, Roger October 1, 2005 700+ words
...much to talk about anyway. It's just the cycle, they say. BERMUDA STRENGTH: SIZE AND SCALE On background, Bermuda captive managers argue that captives incorporated in Bermuda are significantly larger when measured by premium volume than...
- Bermuda captive owners form networking association.(Bermuda Captive Owners...
- Magazine article from: Business Insurance Bradford, Michael November 7, 2005 700+ words
...meeting at the Bermuda Captive Conference...managers who have captives in the domicile...working with Bermuda regulators...helping the captive owners association...it's been captive managers and...been a way for Bermuda captives to solicit...
- Capital flows into captive havens: Caribbean jurisdictions do not necessarily...
- Magazine article from: Risk & Insurance Crombie, Roger October 1, 2004 700+ words
...s 4,800 captives are domiciled in Bermuda. Growth in the Bermuda captive sector waxes...billion. Where Bermuda is home to...concentrated on captives. In the...Cayman's captive numbers grew...companies. BVI captives are used...charged by Bermuda or the ...
- Weighing in on an offshore value: Bermuda's a valuable business proposition...
- Magazine article from: Risk & Insurance October 1, 2006 700+ words
...polled in the First Annual Bermuda Captive Conference Risk &...R] Survey. And 126 captive owners were eager to...about doing business in Bermuda, including the island...services provided to captives from bankers, lawyers...
- Author: I did not mean to bash Bermuda. (reply to letter on Bermuda, captive...
- Magazine article from: Risk Management Rogers, Michael T. January 1, 1991 700+ words
...brought their captives onshore or...domestic captive, I make...criticisms of the Bermuda system...were neither captives nor regulated...other onshore captive domicile...blessing of the Bermuda authorities...against their captives. I know...kill off captive ...
- 2nd Annual Bermuda Captive Conference.(conference schedule)(Calendar)
- Magazine article from: Risk & Insurance August 1, 2006 700+ words
...SESSION 2: Why is Bermuda Still a Leading...Sessions SESSION 3: Captive 101 Moderator...Authorisations, Bermuda Monetary Authority...Partner, KPMG Bermuda 2:00 p.m...m. SESSION 4A: Captives' Goals in Risk...Term Success with a Captive Sponsored by ASHRM...
- Bermuda holds position as No. 1 captive domicile.(News)(Brief article)
- Magazine article from: Business Insurance McCarthy, Colleen June 30, 2008 700+ words
...world's largest captive insurance company...end of last year, Bermuda had 958 captives, giving it a big...information at the Bermuda Captive Conference. In addition, 29 new captives were licensed in Bermuda last year compared...