A new Captive Insurance Act was adopted in Mauritius in December 2015, which establishes a new legal framework for the captive insurance business, covering pure captives whereby a corporate entity insures itself, and any affiliates in a group, and mitigates the risk through reinsurance. The Mauritian Government anticipates that the new framework will attract new players into the market, but what do new market entrants think? AfricaMoney asked Mark Roberton, Director of Palm Global, why they decided to set up Palm Mauritius and what prospects they see for development of Mauritius as the captive domicile of choice?
No comments:
Post a Comment