Captive Domiciles

  Plus Minus Seesaw

Redomestications and Home State Moves Benefit Some US Captive Domiciles

While many US states, amid such factors as a continued soft commercial market and merged companies with captives consolidating their captives, saw little, if any, growth in 2018 in the number of captive insurance companies as the closure of captives exceeded newly licensed captives, there were some notable exceptions.
February 25, 2019 Read More
  Bar Chart 480x377

SRS Charts the Total Number of Active Captives for 2018

Strategic Risk Solutions (SRS) compiled and presented charts on the total number of active captive insurance companies and cell captives at its recent webinar, "Captive Insurance Industry Review." The charts include captive counts, by captive domicile, for key US and international domiciles.
February 25, 2019 Read More
  Bermuda Flag-2-SF

Bermuda Captive Insurer Formations Tick Up in 2018

Bermuda licensed 19 new captive insurance companies in 2018, up slightly from 17 in 2017 and 13 in 2016, though the total number of captives in Bermuda continued to fall, domicile officials said Wednesday.
February 14, 2019 Read More
  Vermont Flag-SF

Vermont Bill Would Adjust Captive Financial Examination Requirements

Captive insurance companies in Vermont would automatically be assured of more time between mandatory financial examinations under newly introduced legislation.
February 08, 2019 Read More
  The Bermuda flag with bunched fabric on a black background

Growth Continues in Bermuda's Captive Reinsurance Sector

New re/insurance registrations in Bermuda increased from 58 in 2017 to 75 in 2018 according to the Bermuda Monetary Authority. The growth of Bermuda's captive re/insurance sector also continued its momentum.
February 01, 2019 Read More
  Cayman Flag 480x377

Cayman Islands Issues 33 New Captive Licenses in 2018

During 2018, the Cayman Islands issued 33 new captive insurance company licenses, according to numbers released by the Cayman Islands Monetary Authority. The captive domicile remains a leading jurisdiction for healthcare captives, which made up nearly one-third of its captive insurance companies at the end of 2018.
January 29, 2019 Read More
  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
  Vermont 480x377

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
  Businessman up arrow-SF2

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
  Claims on Keyboard-SF

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
  Wrinkled Vermont flag

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
  Cayman Flag Sky - SF feature

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
  Barbados Coat of Arms 480x377

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
  Arrows Pointing Up-SF

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