Why the Isle of Man

We are not here for the weather……

It’s important for our clients that the services we provide come from a well regulated and respected offshore jurisdiction with an established captive insurance sector, all backed up by sophisticated financial service partners.

In Brief

The Isle of Man has an accessible and pragmatic regulator offering world leading proportionate insurance legislation specifically created for captive insurance business. It has a favourable tax regime plus lower capitalisation and solvency requirements than its onshore equivalents.

Where and how

Nestled in the heart of the Irish Sea, the politically stable Isle of Man is at the centre of the British Isles and can be reached by ferry or plane in as little as 30 minutes from the UK and Ireland.

The Isle of Man is not, and never has been, part of the United Kingdom, nor is it part of the European Union. Consequently captive business is allowed to thrive by not being constrained by generic insurance regulation. It has developed its own proportionate risk based regulatory framework to support, not hinder, the specific needs of captive insurance business.

Points to Note

Continuous collaboration between our Government, regulator and industry enables us to react quickly to ever-evolving insurance market demands.
Our world-class regulatory and legal infrastructure has specifically designed governance rules for captive insurance companies
We are an award-winning jurisdiction which is respected as an International Finance Centre of Excellence.
The island has a long history of providing innovative insurance solutions from our politically robust and economically stable jurisdiction.
Our sector is populated by many of the world’s strongest insurance brands, supported by global banking groups and professional services networks.
Isle of Man captives enjoy a zero rate of corporation tax (noting minimum requirements for groups with turnover in excess of €750m).