Barbados Highly Commended At US Captive Services Awards
by Mike Godfrey, Lowtax.net, Washington
16 August, 2016
Barbados received praise for its captive insurance regime at the 2016 US Captive Service Awards.
Barbados was "highly commended" for its ongoing commitment to the captive industry. The commendation recognizes the island's success including increasing its license numbers and premium volumes, and in particular for introducing cell company legislation in February 2016.
The US Captive Services Awards recognize those providers of captive insurance products and services who have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months. This was the first year that Barbados put itself forward for consideration.
Barbados is currently among the top-ten captive domiciles globally and was shortlisted in the Offshore Captive Domicile category, along with other domiciles including the Bahamas, Bermuda, Cayman Islands, and Puerto Rico. Bermuda was the eventual winner in that category.
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