Why the Isle of Man?
The captive industry on the Isle of Man, a UK crown dependency in the British Isles, has come a long way since issuing its first captive licence in 1981. Over the years, the island has matured into a highly respected and well-established captive domicile, with 152 captives and general insurers currently domiciled on the island, nearly 50 of which are owned by companies in the G500, FTSE 100 or FTSE 250 listings. In 2007, these captives wrote annual premiums in excess of £1.4bn and had assets under management of more than £5.2bn. One of the key reasons for the Isle of Man’s success as a quality domicile for captive and general insurance business is its long track record of having a strong regulatory environment, where it continues to adopt a pragmatic, business-friendly approach to regulation. The Island was endorsed with a ‘AAA’ rating from Standard & Poor’s and Moody’s for the seventh year running in 2008, and it continues to meet the high standards set out by international bodies inc
