Shaking off 'one- product' image

The financial services sector in the British Virgin Islands (BVI) is an interesting mix of services. They are best known for their international business company incorporated under the pace-setting International Business Companies Act of 1984. However, the jurisdiction has, over the years, shaken its reputation as a 'one-product jurisdiction' and has been named the fastest growing offshore domicile for insurance captives by the Best's Captives Directory 2000 edition of the Captive Insurance Formation Report. This accolade came with the formation of 51 new captives in the BVI in 1999. The...