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Formed in February 2022, The Bermuda Captive Network (BCN) emerged from the synthesis of the former Bermuda Insurance Management Association, the Bermuda Captive Owners Association and the Bermuda Captive Conference and serves as a membership-focused organization providing education, business development and effective representation for Bermuda’s captive and managed insurance industry. During the past 18-month growth…

The Bermuda Business Review 2023 ~ 2024 − published by the Times Group in association with the Bermuda Business Development Agency (BDA) and launched at the 2023 Bermuda Climate Summit – provides insights into the ongoing transformation of Bermuda’s business landscape focused on the key pillars underpinning its highly successful international business activities. The Review…

A new report has delivered further evidence of the efficacy of captive insurance, outlining how their use in Bermuda and two Caribbean countries saved their corporate owners demonstrably on insurance costs, when compared to use of commercial insurance. They delivered far better underwriting results and return on revenue, according to the report published by AM…

Zurich NA on how captives can play a role in executing environmental, social and governance initiatives. As environmental, social and governance (ESG) initiatives have moved up the agenda at many companies, there’s growing interest in whether captives can play a role in successfully executing on those objectives. We sat down with Adriana Scherzinger, head of…

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…