Captive Domiciles

  Hawaii

Hawaii Captive Growth Continues in 2014

Hawaii is now the domicile for 186 captives, with the addition of seven new captives licensed in the first three-quarters of 2014. U.S. owners represent 94 percent of the captives domiciled in Hawaii; the remaining are from Asia/Pacific locations.
December 19, 2014 Read More
  Arizona

Arizona Domicile Continues To Grow

The Captive Insurance Division of the Arizona Department of Insurance reported that as of September 30, 2014, the state has 111 licensed captives, a net increase of 5 since the beginning of 2014. With 3 pending applications it is on target to exceed its 2013 rate of growth.
December 11, 2014 Read More
  forum_logo_2014

Caymans Looking To Expand Canadian Captive Business

The Caymans are currently the domicile for 10-12 Canadian business captives and officials are looking to expand that number, according to Stephen White, Kane Group, and Paul Arbo, BDO. Mr. White and Mr. Arbo were the presenters at “The Canadian Market Explored,” one of the Cayman Captive Forum 2014 pre-Forum tutorial sessions.
December 03, 2014 Read More
  Connecticut Flag

Connecticut Licenses Its Fifth Captive

Connecticut Governor Dannel Malloy, reelected last week, announced the licensing of Aetna Risk Insurance. The captive is a subsidiary of Aetna.
November 10, 2014 Read More
  Health Care Insurance

Cayman Islands Leading Health Care Captive Domicile

The Cayman Islands is the leading jurisdiction for health care captives, with health care captives representing 34 percent of all captives domiciled in the Cayman Islands, according to a report by the Cayman Islands Monetary Authority as of September 30, 2014.
October 27, 2014 Read More
  Utah-Map

As Utah Captive Numbers Grow, 2015 Legislative Proposals and Regulations Previewed

With the current 351 captives and 46 cells licensed, Utah will have well over 400 after license approvals expected to be completed next week, the Utah captive insurance director said during a recent webinar.
October 16, 2014 Read More
  Commissioner

North Carolina Estimates More than 40 Captives by End of 2014

The North Carolina Insurance Department is planning to grow the number of its licensed captives to 40 by the end of the year, according to its recent press release. There are currently 12 North Carolina licensed captives, including five protected cell captives that have multiple cells.
September 24, 2014 Read More
  vermont

"Vermont (VT) Captive Industry Very Important to Its Economy"

Patricia Moulton, secretary of the Vermont Commerce and Community Development, stood in for Vermont Governor Peter Shumlin to help kick off the Vermont Captive Insurance Association conference.
August 14, 2014 Read More
  solvency-rules-and-regulations

No Captive E.U. Domicile Impact Reported Despite Impending II Solvency Rules

A recent Business Insurance article indicates the Solvency II, the European Union (E.U.) rules for insurance and reinsurance, “principle of proportionality” is being applied in a reasonably consistent manner by E.U. national regulators.
July 31, 2014 Read More
  caribbean

Bermuda Looks to Latin America as New Source of Captive Business Opportunities

The Bermuda Royal Gazette reported today that a delegation of leading Bermuda captive industry executives attended the Multi-Latina Risk Management Conference in Cartagena, Columbia. It was reported the Bermuda delegation led several panel discussions and roundtables on captive formation, domicile selection, tax effectiveness, risk management solutions and Bermuda’s regulatory framework.
July 22, 2014 Read More
  tribal

The Tribal Domicile of the Delaware Tribe of Indians

Not to be confused with the State of Delaware captive domicile, the Delaware Tribe of Indians headquarters, located in Caney, Kansas, offers an alternative to both offshore and other US state domiciles.
July 03, 2014 Read More
  Flag_of_Bermuda.svg

Big Threat to Bermuda

A big threat to Bermuda keeping its international business is the potential realization in the US Congress that it only needs to change US tax laws to lure many companies home or repatriate corporate profits. This was part of the strengths, weaknesses, opportunities, and threats analysis of the Bermuda market presented by Conan Ward.
July 02, 2014 Read More
  Ohio Flag-SF

Ohio Captive Legislation Enacted and Signed by Governor

Ohio companies are able to operate their own locally based commercial insurance subsidiaries under captive legislation signed into law this week by Governor John Kasich. House Bill 117 allows for the creation of captive insurance companies, which exclusively serve parent entities with commercial auto liability, workers compensation, medical malpractice, and other coverage.
June 19, 2014 Read More