"The District of Columbia's reputation as a world‑class captive domicile continues to grow, driven by our experienced team, responsive service, and modern regulatory framework," said the Commissioner of the District of Columbia's Department of Insurance, Securities and Banking, Karmia Woods. "The strong formation activity we've seen in 2024 and 2025 reflects the confidence businesses place in DC's stability and expertise. Looking ahead, the outlook for 2026 is exceptionally promising—we have already approved 12 new captives this year, with more on the way—and we remain committed to supporting high‑quality growth across our captive industry."
Courtney Claflin, CEO of Claflin Captive Design, said, "DC has one of the longest tenured captive domicile teams in the entire captive industry. This is a tremendous advantage in that everyone has so much experience that all captive regulatory duties as well as any new captive formations or additional risks being added to the captive are done quickly and efficiently as they have been there, done that many times over.
"In a span of 4 years, we executed a nearly $1 billion loss portfolio transfer into our main captive while adding 4 new captives. In the aggregate, this encompassed over 50 lines of coverage and unique risk financing arrangements. The ease with which they handled this workload was amazing, everything went smoothly and efficiently in a very timely manner. The experience of the DC captive professionals is simply outstanding."
David Guerino, executive vice president—captive solutions at KeyState, said, "We have partnered with Sean O'Donnell and Dana Sheppard at DISB for many years on a variety of captive opportunities, including our most recent PCC launch. Throughout that time, they have been responsive, collaborative, and supportive of our needs in regulating captive insurance companies, and the District's captive insurance regulatory framework has consistently provided a strong and flexible environment for our business.
"The reason KeyState chose DC for its PCC was the strength and flexibility of the District's captive insurance regulatory framework. DC makes it easy to structure and operate captives efficiently while providing the regulatory oversight and certainty we value."
