principles of the regime and yet maintained its existing solvency and capital requirements for captives. Arguably, from the perspective of tax deductibility and exempt surplus repatriation for Canadian-owned captives, this position can only strengthen Bermuda’s position within a group’s risk management strategy and with tax and regulatory authorities in the parent’s country”.
Further helping matters is the positive regard in which the Bermuda Monetary Authority (BMA) is held internationally. Bird said that the BMA is viewed as being “robust yet pragmatic, with excellent dialogue
265254 JLTIM Advert_Bahama advert 14/05/2012 09:53 Page 1
between the regulator and the captive owners’ representatives”. It is this close dialogue with captives that will be a key differentiator as the Island looks to compete with other domiciles for Canadian firms which are considering a captive home. As Whelan outlined, captive owners “want to be able to actively communicate with the regulator in order to ensure that they understand their specific business needs”. At the same time, the BMA’s consultative approach for owners seeking to move here enables the Island to achieve enviable speed to market, a factor that continues to set Bermuda apart from the competition, said Gibbons.
JLT INSURANCE MANAGEMENT INSURANCE MANAGEMENT AND ADVISORY SERVICES
We provide the following services:
• Captive Feasibility Studies • Program Design • Funding Analysis
• Captive Efficiency and Strategy Reviews
• Risk Transformation Capabilities and Facilities
• Rent-a-Captive Solutions
• Captive Insurance and Reinsurance Company Management
Licensed in 6 US states – Vermont, South Carolina, Washington D.C., Utah, Arizona, and New York
For further information please contact: Kilian Whelan
JLT Insurance Management (Bermuda) Ltd. JLT Insurance Management (Barbados) Ltd. JLT Towner (US) Tel: +1 441 292 4364 Email:
kilian_whelan@jltgroup.bm
www.jltcaptives.com
JLT Insurance Management (Bermuda) Ltd., JLT Insurance Management (Barbados) Ltd. & JLT Towner (US) are members of the Jardine Lloyd Thompson Group Plc. Registered Office: 6 Crutched Friars, London, EC3N 2PH. Registered in England No. 01679424 VAT No. 244 2321 96
20 bermuda captive 2012
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68