Business Services Industry
Amid flat growth, Bermuda aims for broader appeal.(Spotlight: Self-Insurance Captive Management)(Bermuda Monetary Authority's )
Business Insurance, March, 2004 by Bradford, Michael
Byline: MICHAEL BRADFORD HAMILTON, Bermuda-Bermuda, despite its image as a sophisticated and pricey domicile, is attracting a larger share of smaller captive owners to the neighborhood that historically has been the home of some very large players. Captive managers are getting consistent inquiries from midsize companies that want to get into the captive game, and the appeal of rent-a-captives continues to provide smaller newcomers with a risk-financing alternative.
And agents and brokers are driving formation of group and association captives, according to Bermuda's captive managers. Using the Bermuda Monetary Authority's list of new incorporations, which includes all types of insurers licensed during 2003, Business Insurance estimates that around 61...
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