New research conducted by PricewaterhouseCoopers for the Bermuda Insurance Management Association (BIMA) found the captive insurance industry contributes an estimated $174 million every year to the island's economy.
Related: Easy Sailing for Bermuda Reinsurers…
Worldwide, Bermuda remains the largest and longest established captive domicile.
This month's edition of NU's "Chalkboard" looks at some of the figures surrounding the island's flourishing insurance sector.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
