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Captive insurance in The Bahamas - a success story
Over the past 10 years, the number of licensed captive insurance entities registered in The Bahamas has grown - at first very rapidly and, in the last five years, steadily. As a result, growth has occurred in overall net premium volume along with the expansion in the number of parent company regions throughout the US and Europe, says Carl Culmer, Manager for Policies and Practices at the Insurance Commission of The Bahamas.
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