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Colombian captive insurers target Bermuda

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Colombian firms are considering Bermuda to as a captive domicile, reported The Royal Gazette.

"For Latin American captives, Bermuda continues to be the dominant domicile because of its tradition, experience and regulation," said Maria Escobar, head of captive solutions for Latin America at Marsh L.L.C. Bermuda had made "an important effort" to sign tax information exchange agreements with relevant nations such as Colombia, Brazil, Mexico and Argentina, added Ms. Escobar.

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