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Lack of quality staff hampers captive insurers: Experts

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Insurance industry experts said that captive insurers are increasingly finding it difficult to manage evolving risks amid mounting regulations and lack of professionals with the right skills, The Royal Gazette reported. Brad Meindersma, vice-president at JLT Insurance Managers (Bermuda) Ltd., said that captive insurers also face challenges due to new tax regimes and their implications for setting up offshore and onshore domiciles.

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