Posts by avaucrosson
Bermuda captives can benefit from emerging risks
Bermuda is in a unique place to benefit from the challenges of the post-COVID-19 world, as new risks emerge and make the industry think about how to cope with them. A panel discussion at the Bermuda Captive Conference addressed some of these emerging issues, with contributions from Gavin Woods, partner at Carey Olsen; Nicolas Plianthos,…
Read MoreBMA: Bermuda remains leader of global captive domicile
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…
Read MoreCyril Whitter Receives Bermuda Lifetime Captive Achievement Award
Cyril Whitter is the recipient of the Bermuda Captive Conference’s 2022 Fred Reiss Lifetime Achievement Award for his commitment and contributions to Bermuda’s captive insurance industry. Mr. Whitter’s career in Bermuda’s captive insurance space has seen him provide more than 44 years of service to both clients and industry peers. Mr. Whitter’s experience in insurance…
Read MoreBermuda Captive Market Seeing Increased Captive Use, New Captive Uses
The Bermuda captive insurance market is reflecting the trend toward increased use of captives in the face of a hard commercial market, as well as greater consideration of captives as a vehicle for addressing difficult-to-insure exposures. “Existing captives are either increasing their deductible limits or putting new lines of business through that they wouldn’t necessarily…
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