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Bermudan captives need to continue monitoring global tax landscape: PwC

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Richard Irvine, tax leader at PricewaterhouseCoopers L.L.P., has said that "captives in Bermuda will need to continue to monitor the ever-changing global tax landscape," reported The Royal Gazette.

Another PwC official said that the country's position as the largest captive insurance domicile in the world had led to the creation of a major insurance and reinsurance sector as well. David Gibbons, captive insurance leader at PwC, said that "Latin America is an expanding market that is increasingly driving more business" to Bermuda.

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