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Reputation is the key factor in differentiating captive insurance domiciles. That is the view of Tommaso Mascarucci, president of Black Gold Re Ltd, the Bermuda-based captive of Colombian oil giant Ecopetrol set up six years ago. Speaking in a sessio...

The head of the Bermuda Monetary Authority (BMA) says Bermuda is making itself more attractive to international business by becoming Solvency II equivalent. During a panel discussion at the Bermuda Captives Conference yesterday, BMA CEO, Jeremy Cox t...

Business Development and Tourism Minister Wayne Furbert described the challenges facing the world as “daunting” at a major insurance conference yesterday. Mr Furbert was giving the opening remarks at the Bermuda Captive Conference, which has attracte...

Record-breaking attendance is expected for the Bermuda Captive Conference next week. More than 550 people are expected to attend the conference, now in its eighth year, organised by Bermuda Insurance Management Association (BIMA), starting on Monday ...

The Bermuda captive insurance industry is making a new push to attract young Bermudians to careers in the business. For the first time ever, organisers of the Bermuda Captive Conference have selected a handful of Bermudian college students to attend...

The Bermuda captive insurance industry is already starting to see the benefits of its marketing push into Canada. Some captives owned by Canadian corporations have already redomiciled to Bermuda from elsewhere and there has been a significant increas...

The Bermuda Captive Owners Association is resurrecting itself and is actively trying to recruit new members. The once-dormant group is starting a new marketing and rebranding campaign under the direction of William Montanez, chairman of BCOA. Mr Mont...

More captives are forming ‘onshore’ in the US than in offshore locations like Bermuda and Cayman. This is one of the findings coming out of Marsh’s 2012 Captive Benchmarking Report, which found that from 1991 to 2000, 65 percent of the captives forme...

Bermuda is the largest captive domicile in the world and now, two of the Island’s largest insurance industry organisations are teaming up to host a first of its kind symposium for professionals in the captive insurance market. The one-day Captive Ed...

Bermuda remains the world’s number one captive domicile after extending its lead over the Cayman Islands last year. A survey of captive domiciles, published earlier this month in the industry publication Business Insurance, showed growth was particul...

The Bermuda Insurance Management Association (BIMA) have voted in a new slate of officers, as outgoing president Thomas McMahon warned of a changing business and regulatory environment. BIMA members heard state of the market speeches from key industr...

A delegation from Bermuda will fly out to western Canada next week to try to drum up some captive insurance business for the Island. The group, which includes rival insurance managers working together to promote the Island as a domicile, will hold br...