The Bermuda Captive Insurance Market

Bermuda is the world’s largest captive domicile with over 700 active captive licences on its register generating approximately US$54 billion in annual gross written premiums. Having formed the first modern captive in 1962, Bermuda  still maintains its global lead. The jurisdiction has earned international credibility as a leading global insurance and reinsurance market over the past 40 years and is among the world’s top three insurance and reinsurance markets, along with London and New York. Captive insurers represent approximately 64 per cent of the Bermuda Monetary Authority’s register of licensed insurers.