Captive Domiciles

  USA Outline

Captive Insurers Evaluating Domiciles Have Helpful Reference

Captive insurance companies evaluating domiciles can find a helpful reference in the National Association of Insurance Commissioners (NAIC) annual Insurance Department Resources Report; the first volume of the 2015 edition has just been announced.
June 21, 2016 Read More
  Tennessee Flag

Captive Insurance Companies Redomesticating to Tennessee May Receive Tax Break

The recently enacted provisions in Tennessee's 2016 legislation make it easier for companies to redomesticate to Tennessee.
June 17, 2016 Read More
  South Carolina Map

Captive Insurance Milestone for SC: 300th Captive Licensed

The South Carolina Department of Insurance (DOI) announced it has licensed captive number 300, marking a major milestone in the ongoing development of its 16-year-old captive insurance program, according to a department press release.
May 31, 2016 Read More
  Vermont State House

Risk Retention Group Governance Standards: Vermont Leads Implementation

During a webinar hosted by Strategic Risk Solutions last week, Dan Petterson, director of captive examinations, Vermont Department of Financial Regulation, gave a presentation that focused on actions the state has taken to implement new risk retention group (RRG) governance standards.
May 17, 2016 Read More
  Update Legislation

Captive Insurance Legislation Update Considered in Alabama

Alabama HB270, a bill introduced by Rep. David Faulkner (R) that looks to update Alabama's captive insurance legislation, contains a number of revisions to the existing code.
March 28, 2016 Read More
  Malta Business

Captive Insurance Growth Sought in Malta, Guide Available

A resource guide is available from FinanceMalta, a nonprofit, public-private foundation established to promote Malta as a business and finance center.
March 02, 2016 Read More
  Georgia Flag

Captive Insurance Legislation in Georgia Part of Domicile Revitalization Effort

Not only do the provisions of the recently amended Georgia captive insurance law reduce the captive premium tax and impose an aggregate maximum premium tax, the legislation is a significant overhaul that is part of an effort to revitalize Georgia as a captive domicile.
February 17, 2016 Read More
  Delaware Flag

Captive Insurance Growth in Delaware Sees Another Record Year

Delaware in 2015 licensed 74 pure captive insurers, 3 special purpose captive insurers, and 112 series captive insurers, for a total of 189 captive entities. It was another record year for captive growth in the state.
February 15, 2016 Read More
  Montana Flag

Montana Licenses 38 New Captives in 2015

Montana licensed 38 new captive insurers in 2015, according to a Montana Captive Insurance Association (MCIA) news release.
February 02, 2016 Read More
  Arizona

Seven New Captive Insurers Licensed in Arizona in 2015

The Arizona Department of Insurance Captive Insurance Division has reported it issued 7 new captive licenses in 2015. It now has a captive portfolio of 110 captives.
February 01, 2016 Read More
  Arkansas Flag

Captive Insurance License Approved for Arkansas Healthcare Provider

Arkansas Insurance Commissioner Allen Kerr has announced the approval of Diamond Risk Insurance, LLC, a subsidiary of Little Rock, Arkansas-based Baptist Health.
January 27, 2016 Read More
  Tennessee Flag

Captive Insurance Industry Grows in Tennessee in 2015

A total of 57 new captive insurance companies selected Tennessee as their domicile in 2015, according to data released January 26, 2016, by the Tennessee Department of Commerce & Insurance.
January 26, 2016 Read More
  Downward Trend

Captive Insurance Licensees Number in Cayman Islands Declines in 2015

Unlike US domiciles that have reported growth in the number of captive insurers licensed last year, the 2015 year-end statistics reported by the Cayman Islands Monetary Authority (CIMA) show a 7 percent decrease in the number of captive licenses.
January 21, 2016 Read More
  Bermuda Flag

Captive Insurance Growth: Bermuda Joins Domiciles Reporting 2015 Increases

Bermuda registered 22 new captives or limited purpose insurers in 2015, the Bermuda Monetary Authority (BMA) has announced. This represents a 38 percent increase over the 16 captives registered during the prior year.
January 19, 2016 Read More
  Vermont State House

Captive Insurance Law Changes Proposed in Vermont

A group of 11 members of the Vermont House of Representatives is cosponsoring H.538, "An act relating to captive insurance companies," which was introduced in the state's 2016 legislative session that opened earlier in January.
January 19, 2016 Read More
  Attendees Applauding

Captive Insurance Industry Growth in 2015 Doubles from 2014 for Vermont

Vermont licensed 33 new captive insurance companies in 2015, more than double the 16 captives licensed in the previous year, a press release indicates.
January 13, 2016 Read More
  Oklahoma State Flag

Captive Insurance Industry Increases Significantly in Oklahoma in 2015

Oklahoma was one of the states experiencing significant growth in number of captive insurance company licenses issued in 2015.
January 13, 2016 Read More
  Connecticut Flag

New Sponsored Cell Captive Domiciled in Connecticut

Isosceles Insurance Company, Ltd., a Connecticut-based sponsored cell captive, joins a growing number of captives designed to provide small and medium-sized businesses access to the benefits of captive insurance, JLT Towner Insurance Management, sponsor of this new venture, has announced.
November 12, 2015 Read More
  Delaware Flag

Captive Insurance Milestone Recognized in Delaware

Delaware Gov. Jack Markell has presented Insurance Commissioner Karen Weldin Stewart with a proclamation recognizing the Department of Insurance for licensing the state's 1,000th captive insurance company, AWI, Inc., of Voorhees, New Jersey.
November 10, 2015 Read More
  Tennessee Flag

Captive Insurance Companies in Tennessee Receive Guidance on How To Get Unauthorized Reinsurer Approval

The Tennessee Department of Commerce and Insurance recently issued a bulletin on Credit for Reinsurance Ceded to Unauthorized Reinsurers by Tennessee Captive Insurance Companies. The bulletin provides guidance to the state's captive insurance companies.
November 06, 2015 Read More