Captive Domiciles

  Georgia Flag 480x377

Georgia To Amend Its Captive Insurance Company Act

Senate Bill 173 to the state of Georgia Captive Insurance Company Act was sent to the governor to sign. The bill incorporated revisions to certain provisions and definitions that clarify the Captive Insurance Company Act, impose minimum requirements for articles of incorporation, allow captives to be formed as limited liability companies rather than stock companies, place restrictions on agency captives, and provide for certain powers and requirements by the commissioner of insurance.
April 07, 2017 Read More
  Cayman Flag 600x300

Cayman Is Transforming into an International Insurance and Reinsurance Jurisdiction

With growing competition from new captive insurance domiciles, the Cayman Islands are evolving into an international insurance and reinsurance jurisdiction. This article summarizes the Insurance Managers Association of Cayman's (IMAC's) view of the transformation that is underway.
March 28, 2017 Read More
  Utah Arches National Park 480x377

Utah Posts YouTube Video on Legislative and Captive Issues

Presenters from the Utah Division of Captive Insurance and the Utah Captive Insurance Association discuss legislative events and captive issues in a 17-minute YouTube video.
March 02, 2017 Read More
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Montana's Proposed 2017 Captive Insurance Legislative Changes

Proposed legislative changes in Montana will make reciprocal formation easier and provide a mechanism to put captives into dormancy.
February 28, 2017 Read More
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The Number of Captive Insurers in 2016

Strategic Risk Solutions (SRS) has estimated the number of captives licensed in Bermuda, Cayman, and 18 US domiciles at year-end 2016. The estimates, as presented at the SRS webinar, “2017—A Pivotal Year for the Captive Market,” are provided in this article.
February 17, 2017 Read More
  Texas 480x377

Texas Captive Count Climbs to 34 with Captive Law Changes Possible

The 4th annual Texas Captive Insurance Association (TxCIA) Conference was held February 15–16, 2017. TxCIA announced the number of licensed Texas captives has climbed to 34. Also, several significant legislative changes are being considered by the 2017 Texas Legislature.
February 17, 2017 Read More
  Business Woman Drawing Growth Chart 480 x 377

Tennessee 2016 Captive Growth and 2017 Proposed Legislation

Tennessee experienced 24-percent growth in the number of risk-bearing entities in 2016, and new captive legislation has been proposed for 2017. This article reviews both.
February 07, 2017 Read More
  North Carolina Flag 480x377

North Carolina Domicile’s Captive Insurance Company Program

North Carolina has reported more than 50-percent growth in the number of captives during 2016 from new formations as well as existing captives redomesticating to the state.
February 02, 2017 Read More
  Utah Road Sign-SF

Utah Captive Domicile Shows Solid Positive Growth in 2016

The Utah captive insurance domicile saw positive growth in 2016. Overall, 68 new captives were formed, along with additional cells. This brings Utah's captive industry totals to 462 active captive companies and 74 active cell companies.
February 01, 2017 Read More
  Vermont Flag-SF

Vermont Licensed 26 New Captive Insurance Companies in 2016

Vermont licensed 26 new captive insurance companies in 2016, bringing the total number of captives it has licensed to 1,088. This article gives a breakdown of the new entries by type of captive.
January 27, 2017 Read More
  Oklahoma Flag 480x377

Oklahoma Continues Building Its Captive and Captive Manager Portfolio

Oklahoma continues building its captive and captive manager portfolio by licensing 17 new captives and starts 2017 by approving Atlas Insurance Management as a captive manager.
January 26, 2017 Read More
  Vermont State House 600x300

Captive Legislation Changes Proposed in Vermont

The Vermont Legislature will be considering a number of changes to its captive legislation this year. This article provides a summary of the provisions of the Vermont 2017 Captive Legislation proposal being considered by the Legislature.
January 24, 2017 Read More
  Globe

Captive Insurance World: What's Happening Now

Here are some recent and upcoming events in the captive insurance industry that may be of interest to our readers.
December 02, 2016 Read More
  New Management

Captive Insurer Established in Connecticut Offers Look at SOBC Corp. Process

The president and CEO of SOBC Corp. explains the acquisition process for distressed insurance companies and risk retention groups.
November 30, 2016 Read More
  New Jersey Flag

Captive Insurer Licensed To Reinsure Underground Storage Tank Owners in NJ

Founders Indemnity Group, Inc., was licensed by the New Jersey Department of Banking and Insurance on November 2, 2016.
November 28, 2016 Read More
  Cayman Islands Beach Ocean

Captive Insurance Statistics Updated for Cayman Islands

The Cayman Islands Monetary Authority (CIMA) has updated its captive entity domicile statistics as of September 30, 2016.
October 31, 2016 Read More
  Delaware Flag

Captive Insurers in Delaware Offered Guidance for Complying with 831(b), PATH Act

The Delaware insurance commissioner has approved two "limited and streamlined" application procedures to make it easier for captive insurers to comply with the Protecting Americans from Tax Hikes (PATH) Act.
October 19, 2016 Read More
  Arizona

Arizona's Captive Midyear 2016 Count Increases

The Arizona Captive Insurance Division reports it has issued four new licenses as of June 30, 2016. This represents a net 3 percent growth in its captive count, which totals 113. The 2016 growth reverses the termination of 11 captive license in 2015, which, coupled with the issuance of 7 new captive licenses, resulted in a net loss of 4 in its captive count.
August 23, 2016 Read More
  Delaware Flag

Economic Impact of Delaware Captive Industry

The captive industry is making a significant contribution to the Delaware economy, according to the August 2016 "Captive Industry Impact in Delaware" report, which was based upon a survey of 1081 captives doing business in Delaware. The captive industry contributes nearly $360 million to Delaware’s gross domestic product (GDP), 2,537 jobs, nearly $109 million in personal incomes, and $5.6 million in taxes.
August 16, 2016 Read More
  Montana Flag

Captive Insurance Domicile Report Released for Montana

The Montana Captive Insurance Association (MCIA) issued its "Montana Captive Domicile Report 2015" at its recent annual conference. As shown in the report, Montana's captive industry started 15 years ago and the state's captive insurer count is now 191.
July 26, 2016 Read More