Book Description
This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on April 1, 2002. The length of the article is 607 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Details
Title: Captives growing in St. Lucia. (Risk Management).(Brief Article)
Author: Caroline McDonald
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: April 1, 2002
Publisher: The National Underwriter Company
Volume: 106 Issue: 13 Page: 30(2)Article Type: Brief ArticleDistributed by Thompson Gale
Excerpt. © Reprinted by permission. All rights reserved.
With captive domiciles actively competing for hard market business, one new domicile--the Commonwealth West Indian nation of St. Lucia-is quickly making a name for itself.
The Caribbean island domicile now has seven captives. Two were licensed in 2000 and five in 2001, according to Angeline Gazio, assistant managing director of the Financial Centre Corp., responsible for marketing St. Lucia's international financial center.
As a recent competitor for financial services industry business, St. Lucia, she said, has adopted "an innovative approach that is quickly earning it a reputation as a model offshore center."
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