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An Island of Captives: The BVI and Its Not So Little Secrets

McConvill, James (2010) An Island of Captives: The BVI and Its Not So Little Secrets. Original Law Review, 6 (2). pp. 40-56. ISSN 1449-9053

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Abstract

Many people are attracted to the Caribbean's British Virgin Islands (BVI) for its reputation as the sailing capital of the world. Others come to escape the bitter winter back at home, with the BVI offering year-round sunshine and sparkling turquoise water beaches. Then there are the cocktails and cheap rum which brings in others still. For a small cluster of islands with a tiny population, the BVI has much to offer. But away from the liquor bottles and luxury yachts, the BVI is popular with another crowd. This crowd is likely to be wearing business suits rather than flip flops, and carrying a briefcase rather than a plate of jerk chicken. For the BVI is also a leading offshore financial centre. It is widely known that the BVI is a domicile of choice for offshore business companies. But the BVI has also quietly gone about becoming one of the world's largest domiciles for captive insurance entities. This article explores the development of, and recent trends in, the BVI's captive insurance market.

Item Type: Article
Uncontrolled Keywords: ResPubID20997, British Virgin Islands, economic conditions, corporation law, financial services industry, law and legislation, insurance law, insurance companies, captive companies, corporate governance
Subjects: Faculty/School/Research Centre/Department > School of Law
FOR Classification > 1801 Law
SEO Classification > 9404 Justice and the Law
Related URLs:
Depositing User: VUIR
Date Deposited: 11 May 2012 02:50
Last Modified: 19 Jun 2012 03:26
URI: http://vuir.vu.edu.au/id/eprint/7001
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