Nevis welcomes five new captives in 2018
Nevis licensed five new captive insurance companies last year, a drop on the 14 captives licensed in 2017, according to year-end figures from the Nevis Financial Services.
Due to difficult global captive market conditions, many captive domiciles have reported reduced year-on-year growth for 2018.
The Nevis Financial Services statistics revealed that Nevis saw 13 captives dissolved, a reduction on the 63 captives that dissolved the previous year.
The domicile’s negative net growth last year means that as of 31 December 2018, there were 214 active captives in Nevis–all of which are single-parent captives.