Offshore Jurisdiction Guide
Offshore Professional Services in Bermuda
The world's leading offshore reinsurance domicile, accounting for approximately 35% of global reinsurance capital. Home to over 1,200 captive insurers and a sophisticated ecosystem of legal, actuarial and advisory professionals. Browse professional service firms regulated by the BMA.
Why Bermuda?
Bermuda is the world's leading offshore reinsurance domicile, accounting for approximately 35% of global reinsurance capital by 2025. It is home to over 1,200 captive insurers and a sophisticated ecosystem of legal, actuarial, advisory and corporate service professionals specialising in complex (re)insurance structures. The jurisdiction has a long history of political, economic and social stability as a British Overseas Territory.
The Bermuda Monetary Authority (BMA) is the sole financial regulator in Bermuda, responsible for the regulation and supervision of banks, insurance companies, investment business providers, investment funds, trust companies, corporate service providers and money service businesses. The BMA has Solvency II equivalence and NAIC Qualified and Reciprocal Jurisdictional Status — a combination that makes Bermuda particularly attractive for cross-border insurance and reinsurance structures with European and US counterparties.
Bermuda introduced a 15% corporate tax rate from 2025, aligning with the OECD's global minimum tax standards while maintaining its position as the dominant offshore reinsurance hub. Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) reported record gross written premium of over US$171 billion in 2023. Bermuda has a common law legal system with highly regarded courts and a right of appeal to the Privy Council in London.
This information is provided for general reference only and does not constitute legal, tax or financial advice. Always obtain qualified professional advice specific to your circumstances.
- World's leading offshore reinsurance domicile — ~35% of global capital
- Over 1,200 captive insurers registered
- Solvency II equivalence and NAIC Qualified Jurisdictional Status
- BMA — sole financial regulator, internationally respected
- English common law, Privy Council appeal rights
- Political stability as a British Overseas Territory
- US$216bn+ in offshore fund assets domiciled (2022)
- Deep talent pool of actuarial, legal and advisory expertise
- ABIR members reported US$171bn+ gross written premium (2023)
Professional Services in Bermuda
Browse offshore professional service firms by category across the Bermuda directory.
Law Firms
Corporate, insurance, finance and private client legal advisory
Browse Law Firms →Corporate Services
Company formation, registered offices and administration
Browse Corporate →Accountancy & Audit
Audit, actuarial and financial reporting for (re)insurers
Browse Accountants →Fiduciary Services
Trust administration, wealth structuring and governance
Browse Fiduciaries →Wealth Management
Portfolio management and private client investment advisory
Browse Wealth Managers →Tax Advisors
Corporate tax and international structuring advisory
Browse Tax Advisors →What to Be Aware Of
Corporate Tax Introduction
Bermuda introduced a 15% corporate income tax from 2025, aligning with the OECD's Global Minimum Tax (Pillar Two) framework. This is a significant change from Bermuda's historically tax-neutral position. The impact on existing and new structures depends on specific circumstances and professional tax advice is essential for any entity considering Bermuda.
Enhanced Regulatory Requirements
The BMA introduced enhanced regulatory requirements for (re)insurers in 2025, including new rules on public disclosure of assets and liabilities, recovery plan requirements for systemically significant entities, and tighter reporting standards. Entities must maintain current compliance with the BMA's evolving supervisory framework.
Specialist Nature
Bermuda's professional services sector is heavily oriented towards (re)insurance and related structures. Firms seeking general corporate or private wealth services may find fewer options than in other jurisdictions. The jurisdiction is most relevant for those with specific insurance, reinsurance, captive or investment fund requirements.
The above is provided for general information only and does not constitute legal, tax or financial advice. Always obtain qualified professional advice before establishing any structure.
Frequently Asked Questions
The following is provided for general reference only and does not constitute legal, tax or financial advice.
What professional services are available in Bermuda?
Bermuda has a professional services sector covering insurance and reinsurance advisory, law firms, corporate service providers, captive insurance managers, accountants and investment business. The jurisdiction is the world's leading offshore reinsurance domicile, accounting for approximately 35% of global reinsurance capital, and home to over 1,200 captive insurers.
What is the Bermuda Monetary Authority (BMA)?
The BMA is the sole financial regulator in Bermuda, responsible for supervising banks, insurance companies, investment business providers, investment funds, trust companies and corporate service providers. It has Solvency II equivalence and NAIC Qualified and Reciprocal Jurisdictional Status, making it particularly relevant for cross-border insurance structures.
Who uses offshore professional services in Bermuda?
Bermuda is primarily used by (re)insurance companies, captive insurance managers, investment funds and corporate groups, particularly those with US connections given that approximately 70% of Bermuda's long-term insurance market is business with the US. The jurisdiction has Solvency II equivalence, making it attractive for cross-border insurance structures with European counterparties.
How do I find a professional service provider in Bermuda?
SearchOffshore lists professional firms operating in Bermuda across all major service categories. You can browse by category and contact providers directly. Always conduct your own due diligence before engaging any professional service firm.
What we are — and what we are not
Find a Bermuda Professional
Browse professional service firms operating across insurance advisory, law, corporate services, fiduciary and more in Bermuda.
SearchOffshore is a directory and information platform. It is important to understand what this means: