Eleven captive insurance companies have been admitted to Bermuda’s Captive Hall of Fame as a result of completing 25 years of business from the island.
The hall of fame, which was launched by the industry in 2016 to honour captive entities with a quarter-century commitment to the Bermuda market, now contains more than 200 companies.
The latest group of companies to join, all of which were established in Bermuda in 1993, are: Comerica Assurance, Griffin Insurance, ICW, Pennsylvania Manufacturers’ International Insurance, Surrey Reinsurance, Traders Insurance, Tyson International, VMC Indemnity, Windsor Insurance, XPO Bermuda Captive (formerly Con-way Insurance), and GIG Reinsurance.
The new inductees will be celebrated at the 2018 Bermuda Captive Conference, between 11 and 13 June.
Conference chair Michael Parrish said: “Our Captive Hall of Fame not only is a tribute to companies that have made a significant contribution to the island’s economy, community, and reputation but also reflects the evolution of Bermuda’s globally significant insurance market.”
He added: “It’s a testament to the spirit of innovation that is the foundation of this industry.”
