Business Services Industry
Hardening market may boost Bermuda captives.(spotlight on captive insurance companies)
Business Insurance, March, 2006
Byline: RUPAL PAREKH HAMILTON, Bermuda-The world's largest captive domicile saw captive numbers dip in 2005 as a result of softening commercial rates and competition from other domiciles. Although commercial property insurance rates surged in several areas after last year's string of hurricanes in the United States, the effect of market hardening is just beginning to result in captive formations.
Still, with the hardening commercial market, Bermuda captive managers foresee a buoyant year in 2006. While captive companies still represent the majority of insurers licensed in Bermuda-approximately 70% of active insurers are captives-numbers of new captives have trended slightly downward over the past several years. Based on data from the Bermuda Monetary...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
