Sophisticated ecosystem, regulation keeps Bermuda front of mind 

• Bermuda captives can hold life and non life licences simultaneously
• 15% global minimum tax not expected to have material impact
• BMA has long standing history of regulating unique and complex captives

Bermuda’s reputation as a premier domicile, extensive captive legislation, and expansive insurance ecosystem have helped keep it among the most popular domiciles in the world since the island licenced its first captive in 1962. 

Until recently, Bermuda had long been the largest captive domicile in the world but has been overtaken by Vermont in recent years in terms of number of captives, though it still remains the largest offshore jurisdiction.