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…

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