Exciting news for the Mauritius International Financial Centre (IFC) as recent legislative updates enhance its position as a preferred captive insurance domicile. With the introduction of five categories of captives, including third-party captives, businesses now have greater flexibility to manage their risks and cover non-parent exposures.
Krishna Bheenick, Managing Director – Mauritius at ASR, commented: “The latest changes in the Captive Insurance Act and corresponding rules are a significant contribution to the Mauritius IFC. Companies can now envisage setting up their captives in Mauritius to manage their own risks, with the flexibility to also write non-parent exposures.”
Thank you to EDB Mauritius for featuring ASR in their latest newsroom article. With a stable regulatory environment and a strong push to become a leading reinsurance hub in Africa, Mauritius is on track to attract a diverse array of global insurers and businesses, solidifying its status as a premier international financial services destination.
Read the full article here.