Captive Domiciles

  Delaware Seal 480x377

Delaware Licenses 46 Captive Insurers in 2018

In Delaware in 2018, 46 captive insurers were formed. The state is the fifth largest captive domicile in the world and the third largest in the United States. Its captive insurers generate more than $12.5 billion of annual captive insurance premium.
January 25, 2019 Read More
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First Affiliated Reinsurance Company Formed in Vermont

Less than a year after Vermont passed legislation establishing a new type of captive structure, the state licensed its first affiliated reinsurance company, MAPFRE RE Vermont Corporation.
January 24, 2019 Read More
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Captive Formations Continue as Soft Market Persists

Even as soft conditions persist in the commercial market, captive insurance company formations are continuing. Get the latest updates on captive formations on!
January 23, 2019 Read More
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Crumbling Foundations Captive Insurer Processing Claims

The Connecticut Foundation Solutions Indemnity Company, Inc. (CFSIC), the captive insurance company that has been charged with providing financial assistance to homeowners affected by the crumbling foundations natural disaster, has commenced operations.
January 15, 2019 Read More
  Michael Maglaras-SF

The Crumbling Foundations Captive

Michael Maglaras, principal of Michael Maglaras & Company, explains that Dan Malloy, during his tenure as governor of Connecticut, was confronted with a looming problem: the crumbling foundations disaster. Watch the latest video to find out why the state created a captive insurance company to deal with the crumbling foundations matter.
January 15, 2019 Read More
  Vermont Flag 480x377

Vermont Embarks upon a Captive Insurance Blockchain Pilot

A state of Vermont pilot program will allow new captive insurance companies to register with the secretary of state using blockchain technology. The pilot program is designed to test the functionality of the emerging technology in state regulatory processes.
January 14, 2019 Read More
  Vermont Flag-SF

Healthcare Industry Fuels Vermont's Captive Licenses in 2018

Vermont licensed 25 new captive insurance companies in 2018, up from 24 the prior year, with growth fueled by captive formations in the healthcare industry, state officials reported Tuesday.
January 09, 2019 Read More
  Michigan State Seal 480x377

Michigan Captive Insurers Face New Filing Deadlines

Captive insurance companies licensed in Michigan will face new deadlines to file annual financial reports with the state Department of Insurance and Financial Services under legislation signed into law on December 20, 2018, by Governor Rick Snyder.
December 21, 2018 Read More
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The Cayman Islands as a Captive Domicile: An Introduction

The Atlas Insurance Management team gives a first-hand view of the Cayman Islands experience as participants in the second-largest captive insurance jurisdiction in the world and a high-growth business environment, not just for captive insurance but for the whole universe of financial services, including large insurers.
December 05, 2018 Read More
  Gibraltar Flag-SF

Gibraltar Maintains Healthy Market Performance with Brexit Uncertainty

Gibraltar's insurance market has experienced significant development over the past decade, with new entrants contributing to growth in the territory's premium base, according to A.M. Best.
December 03, 2018 Read More
  Illinois State Flag-SF

Veto Overridden on Illinois Legislation Containing Captive Provisions

Illinois lawmakers Tuesday overrode an earlier gubernatorial veto of legislation that will set new minimum capital and surplus requirements for captive insurance companies licensed in Illinois.
November 28, 2018 Read More
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Barbados Repeals Exempted Insurance Act, Captives Maintain Zero Tax

The government of Barbados has announced a number of legislative measures as it moves toward tax convergence of the country's international and domestic business sectors. Captive insurers will maintain zero taxation.
November 26, 2018 Read More
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Bermuda, Cayman, and Barbados Captives Outperform Commercial Market

Operating results among A.M. Best-rated captive insurance companies in Bermuda, the Cayman Islands, and Barbados continued to outperform the US commercial market sector in 2017, according to the latest report from the rating agency, titled "Bermuda, Cayman Islands and Barbados Captives Stay the Course."
November 19, 2018 Read More
  Delaware Seal 480x377

Delaware Captive Domicile Offers Same-Day Conditional Licensing

Delaware's state insurance commissioner can now issue conditional certificates of authority to enable new captive insurers to operate while regulators review their applications. Steve Kinion, director of the bureau of captive and financial insurance products, Delaware Insurance Department, spoke about the measure in a recent A.M. Best interview.
November 13, 2018 Read More
  Mark Sims-SF

The Captive Domicile of Puerto Rico

According to Mark Sims, vice president of business development for Captive Alternatives, LLC, Puerto Rico as a captive domicile is unique in the sense that it falls under US federal law, US Customs, and Federal Deposit Insurance Corporation; however, it does have sovereignty that Congress granted in 1952.
October 29, 2018 Read More
  Cap-a-Thon Image - SF Feature

CCIA President Steve DiCenso Speaks "Hacker" with recently spoke with Steve DiCenso, president of the Connecticut Captive Insurance Association (CCIA), about its upcoming dual-venue 2018 Annual Collaborative, which is set to take place on October 16–17 in Hartford. The theme of the Collaborative is "Innovation and Managing Cyber Risk through Captives."
September 19, 2018 Read More
  Hong Kong Lights-SF

China Captives in the Limelight

China is proactively raising awareness and interest in alternative risk transfer. The potential for retaining risk layers and the economic accretion it can provide are a natural fit for Chinese risk buyers. This article explores captive insurance developments in China and considers opportunities and challenges for future captive development.
September 12, 2018 Read More
  Vermont Flag-SF

A.M. Best Examines Vermont's Affiliated Reinsurance Company Legislation

A new type of captive insurance company, an affiliated reinsurance company, created by Vermont in response to US tax reform provides an onshore reinsurance alternative for companies facing an added tax burden due to the so-called Base Erosion and Anti-Abuse Tax, according to a new A.M. Best briefing.
September 06, 2018 Read More
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The Current State of North Carolina's Captive Insurance Program

At the opening general session of the North Carolina Captive Insurance Association's annual conference, North Carolina's Department of Insurance Senior Deputy Commissioner (Captive Insurance Companies Division) Debbie Walker spoke about the state captive insurance sector's swift 5-year ascent to one of the world's fastest growing captive domiciles.
August 29, 2018 Read More
  NCCIA 2018: Leon Rives, Tom Adams, Martin Eveleigh, and Jeremy Colombik

North Carolina Captives "Expanding Beyond Small Insurance Companies"

The North Carolina captive insurance conference kicked off Monday in Charlotte with a captives 101 session in the afternoon followed by an opening plenary session in the early evening. Distinguished service awards were given to Jeremy Colombik, president of Management Services International, and Martin Eveleigh, chairman of Atlas Insurance Management.
August 21, 2018 Read More