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Utah Captive Domicile Summary

Utah State Seal-SF

While there are several reasons why Utah has, for many years, been a major captive domicile, a key factor has been the high quality and accessibility of the state's captive regulatory staff, captive managers and others say.

"There is a knowledgeable and helpful staff," said Richard Ence, chief financial officer of Thatcher Co. Inc. in Salt Lake City and a member of the Utah Captive Insurance Association's board of directors.

Brandy Alderson, senior account manager and vice president with Marsh Captive Solutions in Salt Lake City, said, "There is a very large and accessible staff. They will pick up the phone and get back to you very quickly."

Utah Captive Insurance Director Travis Wegkamp in Salt Lake City says being accessible is part of Utah's goal "as being a great state to do business."

 

Captive Domicile Statistics


Total Captive Count*
Utah
Year Captives
2019  432
2018 441
2017 480
2016 534
2015 507
*Includes active and cell captives.

Captives' Gross Written Premiums
Utah
Year Premium Volume
2019  $1.1 billion
2018 $944.5 million
2017 $1.0 billion
2016 $910.4 million

Captive Domicile Contacts


For more information, contact
Travis Wegkamp
Captive Insurance Director
Utah Insurance Department
State Office Building
Room 3110
350 N. State Street
Salt Lake City, Utah 84114
Phone: (801) 537–9294
Email: [email protected]

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