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CAPTIVE INSURANCE MAY HELP TO GROW TCI ECONOMY

TURKS AND CAICOS ISLANDS, NOVEMBER 18, 2013- The Deputy Governor, Anya Williams has encouraged Captive Insurance companies to grow their sector. anyaIn her welcome address to some 70 delegates at the Captive Insurance Conference held at the Regent Palms over the weekend, the deputy governor challenges the group to grow this unique sector of their industry as it may mean growth as well for the Turks and Caicos’ economy. The Turks and Caicos is home to 5800 captive insurance groups out of a global total of around 8000; accounting for about 12% of the country’s revenue, the sector is the second largest contributor to the country’s Gross Domestic Product.

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