Captives Growing In St. Lucia

With captive domiciles actively competing for hard market business, one new domicile–the Commonwealth West Indian nation of St. Lucia–is quickly making a name for itself.

The Caribbean island domicile now has seven captives. Two were licensed in 2000 and five in 2001, according to Ang?line Gazio, assistant managing director of the Financial Centre Corp., responsible for marketing St. Lucia’s international financial center.

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