Offshore Captive Insurance

Filed under: offshore

Captive insurance companies are a more limited type of insurance company, established with the specific objective of financing specific risks emanating from their parent group.
Captive insurance houses are located in many places offshore and favor safe haven jurisdictions around the world. Offshore captive insurers have usually lower tax rates on investment and underwriting income  that reduces tax payments relative to normal captives.
The administration of a captive insurance company is usually by a manager who is located in an offshore or foreign jurisdiction.
The offshore insurance market has expanded in a number of small territories which are politically stable and whose laws are favorable to conducting insurance businesses. These territories also boasted relatively good communication, low taxation were free of tight monetary controls.

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