Captive Decisions
Depending on your goals, a captive can provide tax benefits, wealth transfer and asset protection.
The captive market continues to grow. In 1990, there were about 2,500 captive insurance companies worldwide. Today, that number is closer to 5,500. Premiums paid to captives exceed $50 billion. The number of captive managers offering to
originate and manage a captive has also increased dramatically.
Historically, captive insurance companies have formed in offshore jurisdictions, such as Bermuda, Nevis, Anguilla, Cayman Islands, and Barbados. Recently, however, U.S. jurisdictions have become major players in the captive marketplace, and are now experiencing significant growth.
A captive can be structured in many different ways. Additionally, ownership of a captive can be held by a Principal, the Principal’s business, or in trust for the Principal’s family.
The formation and configuration phases are critical to guarantee results that are important to you are achieved.
Historically, captive insurance companies have formed in offshore jurisdictions, such as Bermuda, Nevis, Anguilla, Cayman Islands, and Barbados. Recently, however, U.S. jurisdictions have become major players in the captive marketplace, and are now experiencing significant growth.
A captive can be structured in many different ways. Additionally, ownership of a captive can be held by a Principal, the Principal’s business, or in trust for the Principal’s family.
The formation and configuration phases are critical to guarantee results that are important to you are achieved.