Due to Affordable Healthcare Act (ACA), also known as Obamacare, the presence of the island’s healthcare insurance market has expanded in the last 5 years. The Bermuda Business Development Agency (BDA) says, “That trend [Obamacare] has created demand for healthcare captives to offset the upsurge in potential risks.”
Oceana Yates, vice-president in captives for R & Q Quest Management Services, said Bermuda had more captives than anywhere else in the world and is on track to meet strict EU Solvency II financial standards.
She added: “Much investment has been made in providing truly innovative and relevant solutions healthcare-related entities.”
Bermuda has around 40 specialists writing healthcare insurance and reinsurance, a solid track record in payouts and local capacity to write up to $400 million for any single risk.
The BDA will be holding a webinar at noon on Wednesday September 30th featuring a panel of experts in order to clarify how captives can add value in terms of risk strategy and tangible results.
Questions during the webinar can be e-mailed to email@example.com or tweeted to @investBermuda#BDAcaptive.
To register for the webinar, visit https://attendee.gotowebinar.com/register/7341015096435004929
To read the full, original article from Bermuda’s own The Royal Gazette, please visit http://www.royalgazette.com/article/20150922/BUSINESS04/150929954