Captive Insurance

Taking control of risk and risk financing are of primary importance to modern corporations, but also offers certain advantages to smaller closely-held businesses as well. Through proper risk management, risk-financing costs can be curtailed to give companies a competitive edge. The global captive insurance market has continued to thrive in the past few years, both in terms of new captive formations and new captive domiciles, and offers tremendous benefits when structuring efficient risk financing vehicles.

New captive insurers generally provide a range of coverage options for a number of industries. Most were established to provide coverage where insurance was unavailable or unreasonably priced. These insurance subsidiaries or affiliates were often domiciled international financial, generally in Bermuda or the Cayman Islands. Recognizing this trend, Belize passed the International Insurance Act Chapter 269, found under the Laws of Belize. This legislation has worldwide appeal among clients and agents who seek the risk management benefits of these captives but also see tax advantages in their application.

  • Tax deductions for the parent company for the insurance premium paid to the captive
  • Numerous tax savings opportunities, including gift and estate tax savings for the shareholders and income tax savings for both the captive and the parent
  • Opportunity to accumulate wealth in a tax-efficient vehicle
  • Distributions to captive owners at favorable income tax rates
  • Asset protection from the claims of business and personal creditors
  • Access to the lower-cost reinsurance market when insuring risks that would otherwise be uninsurable
  • Risk retention when customizing the insurance coverage, and enhanced cash flow

Allow CILTrust International Inc. utilize their expertise in assisting you with the formation of a captive insurance company and the acquisition of the insurance license in Belize. Our experienced management and accounting staff can utilize our global network of specialists to accommodate all your needs, and even offer consultation in other jurisdictions as well.

To learn more about Belize International Insurance Act and CILTrust’s services feel free to view the documentation below. Any necessary forms or service agreements can be obtained in our Forms and Docs page in the Resource Center. You can also contact us and speak with one of our specialists by using the live chat, contact form or by email at  You can also fax us your inquiries at: 011+501-223-3501 or speak to our main office at: +011 501.223.3738

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