Bureau of Captive & Financial Insurance Products—Delaware Department of Insurance

In Delaware, our captive regulators are dedicated exclusively to our captive insurance clients' needs and work under the direction of our Captive Bureau leadership, directed by Steve Kinion.

There are 34 people working on Delaware's Captive team. Of this total, 15 are financial analysts. Under Delaware's regulatory organization, the financial analyst is the first-line regulator who communicates with the captive manager or owner.

As a result, all inquiries, business plan changes, dividend requests, and other related matters are first addressed by the analyst. The experience level of these analysts is unmatched.

Our team has 15 analysts.

• 12 hold the Associate in Captive Insurance (ACI) designation

• 12 hold the Accredited Financial Examiner (AFE) designation

• 9 hold the Certified Financial Examiner (CFE) designation

• 2 are Certified Public Accountants (CPAs)

Call us today to speak with a team member: (302) 577–5280 

Or Visit us Online

Watch the "Why Delaware?" video below to learn more about the Delaware captive domicile.


In the above interview with Captive.com, Steve Kinion discusses recent amendments to the state's captive law allowing same-day conditional licensing for captive insurers.

Captive Domicile Contacts

Trinidad Navarro

Trinidad Navarro
Insurance Commissioner
Delaware Department of Insurance
The Nemours Building
1007 North Orange Street
Suite 1010
Wilmington, DE 19801
Phone: (302) 674–7300


Steve Kinion

Steve Kinion
Bureau of Captive & Financial Insurance Products
Delaware Department of Insurance
The Nemours Building
1007 North Orange Street
Suite 1010
Wilmington, DE 19801
Phone: (302) 577–5258
Email: [email protected]

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Captive Domicile Summary

With nearly 900 captive insurance companies, Delaware is one of the largest domiciles, with captive managers saying key reasons for that growth are the accessibility, high quality, and stability of the state's captive regulators.

"Regulators know the captive business and are very open to discussions. In addition, legislators are very receptive to new ideas," said Joanne Shaver, president of the Delaware Captive Insurance Association (DCIA).

"Captive laws for many domiciles are very similar. It is the people that make things work," said Richard Eldridge, president and CEO in the Denver office of captive manager the Intuitive Companies.


Captive Domicile Statistics

Total Captive Count*
Year Captives
2019  882
2018  944
2017 1,010
2016 1,032
2015 1,045
*Includes series captives       

Captives' Gross Written Premiums*
Year Gross Written Premiums
2018 $5.4 billion
2017 $12.5 billion
2016 $4.4 billion
2015 $4.9 billion
2014 $6.6 billion
*2019 gross written premium figures not yet available 

Applicable Captive Insurance Laws

Revised Captive Insurance Company Act, Title 18, Chapter 69; Delaware Administration Code, Title 18, 302 Captive Insurance Financial Regulation; HB 15


Domicile Benefits

In 2005, the Delaware General Assembly passed House Bill 218, modernizing Delaware law regarding the formation of these companies and positioning Delaware to become a home to the growing number of captive insurance companies being created by companies worldwide.

Modernized captive insurance law
Sophisticated corporate laws, judiciary, and financial infrastructure
Same-day conditional licensing
Dormant captive legislation
ICCIE trained organization
First-line regulators (financial analysts) communicate directly with captive managers and captive owners providing an unmatched experience level
Convenient premium tax payment reporting dates
The most multilingual captive staff in the United States

Delaware's experienced captive insurance team has reviewed and licensed some the world's most complex and innovative captive insurance transactions.

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