Captive Domiciles

  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
  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