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Growth is slow in Isle of Man.

Publication: Business Insurance
Publication Date: 06-MAR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Growth is slow in Isle of Man.(Spotlight: Self-Insurance & Captive Management)

Article Excerpt
Byline: CAROLYN ALDRED

DOUGLAS, Isle of Man-The consolidation of captive parents and the redomestication to other domiciles of several captives have led to a decrease in the number of captive insurance companies in the Isle of Man.

At the end of 2005, 165 captive insurance companies were licensed, compared with 175 at the end of 2004, according to the Isle of Man Insurance & Pensions Authority.

The decrease follows several years of slow growth in captive formation on the island, located in the Irish Sea between Ireland...

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