Why Bermuda leads
Bermuda has evolved into one of the world's leading insurance and reinsurance centres, with more than $1 trillion in reinsurance capital, over 600 active captives and the majority of the global catastrophe bond market domiciled on the island.
The jurisdiction brings together insurers, reinsurers, investors, service providers and regulators within a highly concentrated insurance ecosystem. For many organisations, the expertise available in Bermuda is as valuable as the structures themselves.
BMA regulation
Rigorous, pragmatic and internationally respected. Bermuda's regulatory framework is recognised by major insurance markets around the world, including Solvency II equivalence in Europe and qualified jurisdiction status with the US National Association of Insurance Commissioners (NAIC).
The Bermuda Monetary Authority combines strong regulatory oversight with a deep understanding of insurance and reinsurance business models, helping make Bermuda one of the world's leading insurance and reinsurance centres.
Tax & currency
Bermuda's currency is the Bermudian dollar (BMD), which is pegged at par with the US dollar. US dollars are accepted throughout Bermuda, and the jurisdiction is supported by a stable legal system based on English common law, providing a familiar and trusted framework for many international businesses, investors, and insurers.
Bermuda has implemented a 15% Corporate Income Tax (CIT) regime as part of the OECD global minimum tax framework. The regime is primarily intended to apply to large multinational enterprise groups that meet the OECD's prescribed revenue thresholds. Whether the rules apply will depend on the circumstances of each organisation, and independent professional tax advice should always be obtained.
Today, Bermuda's appeal extends well beyond tax considerations. Companies continue to choose Bermuda for its internationally recognised regulatory environment, well-established corporate law, commercial flexibility, strong alignment with US capital markets, and reputation as a leading international business and insurance centre. Supported by a sophisticated professional services sector, an experienced and respected judiciary, and world-leading expertise in insurance, reinsurance, and captive management, Bermuda offers a stable, predictable, and globally respected jurisdiction for long-term business structures.
Segregated Accounts Companies (SACs)
Bermuda's Segregated Accounts Company (SAC) framework is one of the world's most established and widely used cell company regimes. Assets and liabilities can be legally segregated between cells, helping protect participants from risks arising elsewhere within the structure.
SACs provide a flexible platform for captive insurance, risk-sharing arrangements, insurance programmes, and alternative risk transfer solutions. For structures requiring separate legal personality at the cell level, Bermuda also offers the Incorporated Segregated Accounts Company (ISAC) regime, providing additional flexibility for more complex arrangements. Together, these frameworks remain among Bermuda's most distinctive insurance innovations.
