Bermuda: captive domicile of choice for Latin America
Latin America has become an emerging market for Bermuda’s world-leading captive insurance industry.
Bermuda’s 856 operating captives, which constitute some 14 per cent of the world total, are the most of any captive domicile. While North American and European companies have predominantly used Bermuda for establishing captives as a means of alternative risk control, in recent years Latin America has shown an increased interest in Bermuda. This interest across the region has been driven by increased wealth, family enterprises and large corporate and private businesses.
Approximately two-thirds of all Latin American captives are formed in Bermuda and the island’s market share in this sector is increasing as the more sophisticated Latin American businesses are forming captives and almost exclusively look to Bermuda’s market for doing so…
If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big