offshore captive

An offshore captive is a special purpose insurance company domiciled outside the country where the insured risk is located.

On This Page

Additional Information


The motives for using an offshore captive may include tax planning. Regulatory differences between onshore and offshore have become significantly less as the offshore captive industry has matured. Offshore domiciles popularly used for North American source business include Barbados, Bermuda, British Virgin Islands, and Grand Caymans. Offshore domiciles for European source business include Dublin, Guernsey, Isle of Man, and Luxembourg. Asian source business may use Hong Kong, etc.

Summary


Related Terms


An onshore captive is a special purpose insurance company domiciled in the country within which its...