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Captive formations slow in world's largest domicile; Competition from other domiciles, affordable traditional coverage cited.(Spotlight)
Business Insurance, March, 2005 by Bradford, Michael
Tags: company, domicile, health care, insurance company, Liberty Mutual Group
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Byline: MICHAEL BRADFORD HAMILTON, Bermuda-The largest captive domicile in the world is not-when it comes to new formations-the busiest. Captive insurance company formations in Bermuda are little changed from a year ago, and there is not much to indicate that a boom is coming any time soon.
Competition from other domiciles is a big reason activity in the world's largest captive center has slowed, along with a traditional market that continues to offer affordable coverage in many lines. The number of captives that call Bermuda home has leveled off in recent years. Business ...
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