While the captive-insurance industry has been largely flat over the past few years, Bermuda in 2011 is seeing an upward trend.
On the new-business side, “we're pretty busy, which is great,” says Jill Husbands, executive committee member of the Bermuda Insurance Development Council and a managing director and office head of Marsh Management Services (Bermuda) Ltd.
“As with most captive domiciles, the last few years have been slow. But certainly over the last three months, we have seen an uptick in the number of new inquiries and the number of new incorporations,” Husbands says. “I certainly hope this year continues as it started out. Marsh is seeing increased interest in captives, which is exciting for us.”
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