The Captive Sector
The Isle of Man is recognised as being one of the leading centres for captive insurance business. It has a strong reputation for attracting high quality captive business. The Island offers a broad range of captive management services, ranging from small local operations to representatives of the world’s leading captive management groups.
The Island has been a recognised captive domicile for over quarter of a century. The sector has showed sustained growth over recent years, partly as a result of the relatively hard commercial market. Against this backdrop it remains in a strong position to offer alternative means of risk management, particularly following the introduction of protected cell company legislation on the Island.
Captives have become an integral part of the risk management strategy of large companies, and continue to offer one of the most effective and widely used mechanisms for risk treatment. The Isle of Man is one of the most successful, established captive locations, attracting business from all over the world.