Bermuda has seen significant growth in its segregated accounts company (SAC) portfolio, with a “noticeable” increase in the number of registered cells, according to Timae Flood, deputy director of supervision, insurance at the Bermuda Monetary Authority (BMA).
According to CI DataHub, there are 609 active captives domiciled in Bermuda, which includes Class 1, Class 2, and Class 3 insurers, as well as segregated account companies (SACs). This figure does not include cells.
Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.
