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Montana Licenses 38 New Captives in 2015

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February 02, 2016

Montana licensed 38 new captive insurers in 2015, according to a Montana Captive Insurance Association (MCIA) news release.

Citing details released by the Montana state auditor's office, the MCIA announcement stated the new captives include 32 pure captives, 2 reinsurance captives, and 4 special purpose series LLC core captives. Montana's captive count totals 191 stand-alone captive insurance companies and 307 risk-bearing entities.

"These latest numbers clearly demonstrate that Montana is serious about building a world-class captive insurance domicile," said John Jones, MCIA president, as quoted in the news release. "We believe this success has been fostered through a combination of experienced and consistent regulators, supportive legislators, top notch service providers, and a highly effective industry trade association."

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