Nevada Captive Domicile Summary

Nevada State Seal

Nevada is not only one of the older captive domiciles in the United States, it is also a domicile that has enjoyed steady growth.

In the 5 years between 2013 to 2017, the number of captives licensed in Nevada, whose captive statute marks its 20th anniversary in 2019, increased over 40 percent, rising from 143 in 2013 to 201 in 2017.

Single-parent captives, which Nevada law defines as pure captives, account for the bulk of that growth.  In 2017, 167 single-parent captives held licenses in Nevada, up more than 60 percent since 2013.

A key factor, captive managers say, that has driven Nevada's captive growth is the quality of their regulatory staff.  

Regulators "are knowledgeable, accessible and proactive," said Allan Smith, client service leader with Marsh Captive Solutions in Phoenix, Arizona.

"The captive department has staffers who are thoughtful and good to work with," added Jon Harkavy, executive vice president and general counsel for captive and risk retention group manager Risk Services L.L.C. in Washington.


 

Captive Domicile Statistics


Total Captive Count*
Nevada
Year Captives
2018 184
2017 201
2016 198
2015 193
2014 156
*Excludes inactive captives and cell captives.


Captives' Gross Written Premiums
Nevada
Year Gross Premium
2018 $397.9 million 
2017 $399.7 million
2016 $366.9 million
2015 $565.2 million
2014 $4.1 billion

Captive Domicile Contacts


For more information, contact

Robert Gallegos
Captive Program
Nevada Division of Insurance
1818 E. College Parkway, Suite 103
Carson City, Nevada, 89706
Phone: (775) 687–0748
Email.