Atlas Insurance Management has announced the start of its operations in Anguilla following regulatory approval.

As a licensed Anguillian insurance manager, Atlas Insurance Management (Anguilla) Limited will immediately have two captives under management and expects to add significantly to this number within a short time.

“We are delighted to be able to offer clients and advisers the choice of establishing captive insurance companies in Anguilla,” said Martin Eveleigh, Atlas's group managing director. “This is a jurisdiction with a very responsive regulatory regime and a flexible but prudent approach. As an independent insurance manager we aim to give clients a choice. This move expands that choice.”

The move confirms Atlas's position as a multi-jurisdictional captive manager. Insurance in Anguilla is governed by the Insurance Act 2004, which not only provides a modern legal framework for the establishment of captive insurance companies but also includes what are probably the strongest asset protection measures applicable to life insurance policies anywhere in the world.