South Carolina Captive Domicile Summary

South Carolina State Seal

Since passing its captive insurance law in 2000, the South Carolina captive domicile has enjoyed steady growth.

At the end of 2017, South Carolina had 170 captives, a more than 40 percent increase since 2013 when the state had just 118 captives.

Captive managers and others say a key driver fueling that growth has been a highly talented regulatory staff.

Regulators are highly accessible "and are always willing to reach out, answer questions, and work towards informed solutions," said Mike Coulter, deputy managing director in the Charleston office of Aon Captive & Insurance Management.

Regulators say accessibility is a key part of their jobs. "We want to be accessible and easy to work with because our captive owners have made a major investment in our state. We want them to maximize the benefit of their captive company within the bounds of reasonable regulation," said Jeff Kehler, captive program administrator with the South Carolina Department of Insurance in Columbia, South Carolina.

 

Captive Domicile Statistics


Total Captive Count*
South Carolina
Year Captives
2018 169
2017 168
2016 164
2015 167
2014 135
*Includes active and inactive captives and cell captives.

Captives' Gross Written Premiums
South Carolina
Year Premium Volume
2018 $2.4 billion*
2017 $3.1 billion
2016 $2.3 billion
2015 $2.8 billion
2014 $3.5 billion
*2018 premium volume is a preliminary estimate.

Captive Domicile Contacts


For more information, contact
Joseph McDonald
Licensing Coordinator
South Carolina Department of Insurance
145 King Street, Suite 228
Charleston, South Carolina 29401
Phone: (843) 577–3415
Email: [email protected]

Captive Events


The South Carolina Captive Insurance Association (SCCIA) holds several conferences annually. Its Executive Educational Conference, held in Charleston, includes its annual membership meeting. Session topics include captive regulatory updates, captive tax issues, and captive case studies.  
 
For more information about this and other SCCIA events, contact the SCCIA at (803) 779–6677.

Captive Domicile News