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Corporate Regulation and Governance in Captives

A FREE 24-page special survey report from Captive.com

Delve into captive insurance governance matters including board attributes, board structure, and board accountability. With 30 years of insurance experience from the auditing, regulatory, and management side, Derick White, managing director of corporate governance and regulation for Strategic Risk Solutions, offers key insights into captive board governance.

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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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