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4 Captive Insurers Admitted to Bermuda's Captive Hall of Fame

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June 05, 2019

A group of four captive insurance companies have recently been admitted to Bermuda's Captive Hall of Fame, which was begun in 2016. The four captives join a group of more than 200 Bermuda-based companies that have been honored for their 25-year commitment to the Bermuda insurance market.

The latest group of inductees were established in Bermuda in 1994 and include Fairtide Insurance, Iboba Insurance, Pitts Bay Insurance Company, and Trimark Insurance.

The four insurers will be celebrated at this year's Bermuda Captive Conference set for June 10–12.

"We salute these companies and their long-standing commitment to our market," said Conference Chair Mike Parrish. "They join an impressive group of captive entities representing worldwide corporations that have chosen Bermuda for its innovation, reputation, and world-class regulation and expertise. Our Captive Hall of Fame is a testament to the evolution of our market."

Close to 800 delegates are expected at next week's event, which is Bermuda's 15th captive conference and will host captive insurance owners, risk managers, captive managers, sponsors, and vendors from the United States, Canada, Latin America, and the United Kingdom.

As the largest captive domicile in the world, Bermuda is home to over 700 captive insurance companies supporting primarily Fortune 500 corporations in the United States and generating $40 billion in annual gross written premiums.

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