Bermuda Report 2018

The Captive Review Bermuda report covers a broad range of topics and developments affecting the domicile in 2018.

As the world’s largest captive domicile, Bermuda has always been at the forefront of innovation.

Continuing in that spirit, the jurisdiction is developing an environment to facilitate blockchain, cryptocurrency, and initial coin offerings (ICOs).

This technology has the potential to disrupt and transform traditional business practices, including in the captive insurance industry.

On the regulatory side, contributors debate the impact of General Data Protection Regulation (GDPR) in Europe, along with Bermuda’s equivalent Personal Information Protection Act which will come into force in December 2018, and the high price of non-compliance.

Elsewhere in the report, we hear how the insurance-linked securities and climate risk solution product markets are developing, and how Tax Information Exchange Agreements with countries in Latin America are bringing more business to Bermuda’s shores.

This report should give our readers a strong understanding of Bermuda as a jurisdiction, and how it retains its position as a highly attractive, agile jurisdiction in which to domicile a captive.

Premium growth and PCC utilisation to dominate Europe’s captive landscape

The use of protected cell companies (PCCs) should increase among Europe’s middle market in the coming years, while...
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Reputational risk and substance driving European domicile discussions

Existing captives and prospective captive owners are increasingly focused on reputation, perception and substance when considering where to be domiciled. In a pre-Solvency II and Beps world, European...
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Marubeni captive rated ‘Excellent’

The Micronesia captive owned by the Marubeni Corporation has had its financial strength rating of ‘A-‘ (Excellent) affirmed by A.M. Best. Marble Reinsurance Corporation insures and reinsures the...
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Hebson joins York Risk Services Group

York Risk Services Group has appointed Tom Hebson as general manager of its insurance client segment, including oversight of its alternative risk solutions business. Hebson succeeds Rick Stasi...
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