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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 significant growth.

At the end of 2019, Nevada, whose captive statute marked its 20th anniversary last year, had, excluding cell captives, 174 active captives, up from 143 in 2013.

Of those 174 captives, the bulk, 144, were single-parent captives, while Nevada also had a significant number of risk retention groups: 13.

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
2019 174
2018 182
2017 201
2016 198
2015 193
*Excludes inactive captives and cell captives.


Captives' Gross Written Premiums
Nevada
Year Gross Premium
2019 $389.4 million 
2018 $397.9 million 
2017 $399.7 million
2016 $366.9 million
2015 $565.2 million

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: [email protected]