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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

A FREE 12-page special report from Captive.com

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance explores the challenges presented by today's business and economic upheaval, as well as the hardening insurance market, and what it means for the captive insurance industry.

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Arizona's Captive Midyear 2016 Count Increases

Arizona
August 23, 2016

The Arizona Captive Insurance Division reports it has issued four new licenses as of June 30, 2016. This represents a net 3 percent growth in its captive count, which totals 113. The 2016 growth reverses the termination of 11 captive license in 2015, which, coupled with the issuance of 7 new captive licenses, resulted in a net loss of 4 in its captive count.

As of June 30, 2016, the breakdown by type of captive licensed in Arizona was as follows.

  • 73 Pure
  • 21 Pure—Reinsurance
  • 4 Industry Group
  • 2 Association
  • 2 Agency
  • 1 Protected Cell
  • 10 Risk Retention Group (RRG)

The informative report issued by the Arizona Captive Insurance Division includes charts that delineate the distribution of captives by industry division or captive type, nonRRG versus RRG classification by industry, and cumulative captive growth by year.

The health care and social assistance and the finance and insurance industry classifications currently each have 26 captives, representing a total of 46 percent of all the captives licensed in the state. Nine of the ten licensed RRGs are from the health care and social assistance category.

The June 30, 2016, report also includes a listing of all Arizona captives, their industry group, the year they were licensed, and their captive type.

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