Bermuda remains the leading global captive domicile, according to the latest figures from the Bermuda Monetary Authority (BMA).
Speaking at the Bermuda Captive Conference, Timae Flood, assistant director, insurance supervision, at the BMA, told attendees that Bermuda had far surpassed other domiciles in terms of gross premiums written, with the latest figures for 2020 amounting to more than $24 billion.
She added that, in recent years, approximately 17 captives a year had been registered in Bermuda. So far, 2022 has seen 14 captives registered on the island.
Flood said that in 2021 the leading lines for the parent companies of those captives included energy, power and utilities, and shipping and transport.
Read more, click on this link: BMA: Bermuda remains leader of global captive domicile (captiveinternational.com)