How parent companies use Bermuda captives. (captive insurance companies) (Alternative Market Report: Captives): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on March 22, 1993. The length of the article is 1380 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Bermuda is a favored domicile for captive insurance companies, and was home to 1,337 captives as of 1992. The island has a highly effective legal framework to support captive operations. Accounting, banking, legal and management services are highly developed, and the country is politically stable. Financial requirements, solvency regulations and set-up and management costs all compare favorably to other locations. There is a readily accessible reinsurance market, and interest earned from captives is not taxed by the Bermudan government.

Citation Details
Title: How parent companies use Bermuda captives. (captive insurance companies) (Alternative Market Report: Captives)
Author: John D. Richardson
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: March 22, 1993
Publisher: The National Underwriter Company
Issue: n12 Page: p17(3)

Distributed by Thomson Gale