Bermuda is the world's oldest and largest offshore captive domicile (Class 1–3+A+B pure captives). Founded in 1962, Bermuda now has 632 registered pure captives with US$31.2bn annual premium. BMA (Bermuda Monetary Authority) provides the most mature captive regulatory framework globally (Insurance Act 1978). Source: BMA Monthly Register, BDA 2026 Industry Report.
615
Active Captive Total (DB covers 1308/615)
Largest Globally
Industry Position
US$362B
2024 Gross Premiums
0%
Corporate Tax (Captive)
1962
World's First Captive
Pure Captives (1970-2026 · Class 1+2+3+A+B · BMA
Bermuda Captive Count 2000-2025
Captive Captives In Force by Year
OFFICIAL: BMA monthly registration stats (2016=776, 2018=711, 2023=653, 2025=608). Market contracting ~-20~-30/year recently
Key Captive Companies
| # | Company Name | Domicile | License Year |
|---|---|---|---|
| 1 | CNPC Captive (Baidu) Insurance Co., Ltd. | Beijing | 2013 |
| 2 | China Railway Captive Insurance Co., Ltd. | Beijing | 2015 |
| 3 | COSCO Shipping Captive Insurance Co., Ltd. | Shanghai | 2017 |
| 4 | Guangdong Energy Captive Insurance Co., Ltd. | Guangzhou | 2017 |