Business is written directly or through a variety of brokers and agents. Life insurance is dominated by subsidiaries of Canadian and US companies.
Property insurance is provided predominantly by British companies.
There is only one Bahamian-owned company in this category. The aim of the captives was to insure the risk of the parent or subsidiary companies. There are some 3,500 captives worldwide. A number of such companies are currently located in The Bahamas. The majority of the captives have a USA origin and the others are from Europe.