Our expertise in captive management is geared towards working with our clients to build a robust, yet cost-effective reinsurance business in Barbados which is personalized to satisfy varying client needs. Under Barbados legislation, this insurance business is referred to as:
- Exempt Insurance Business (“EIC”)
- Qualifying Insurance Business (“QIC”)
Historically, when parent entities evaluate the cost as well as other considerations in establishing a staffed office for their subsidiary (and reinsurer), it is often preferred to outsource such work to management companies. Centurion, therefore serves the same function as if the parent had set up a physical structure in Barbados with its employees.