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Corporate Regulation and Governance in Captives

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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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The Number of Captive Insurers in 2016

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February 17, 2017

A chart on the total number of active captive insurance companies was compiled by Strategic Risk Solutions (SRS) and presented at the recent SRS webinar "2017—A Pivotal Year for the Captive Market." Active captive counts in Bermuda, Cayman, and 18 US domiciles were estimated and are listed below. The overall active captive count for all of the domiciles reported increased 4.4 percent from 3,987 in 2015 to 4,163 at the end of 2016.

Domicile

   2016

Percent Change from prior year

Bermuda

797

0.0

Cayman

708

0.1

Vermont

584

−0.7

Utah

462

6.0

Nevada

208

3.5

Hawaii

207

5.1

North Carolina

190

102.1

Montana

183

−4.2

South Carolina

164

−1.8

Tennessee

141

21.6

Arizona

113

2.7

Kentucky

84

−7.7

District of Columbia

82

3.8

Oklahoma

75

2.7

Missouri

48

0.0

Texas

32

52.4

Georgia

27

68.8

New Jersey

23

4.5

Michigan

20

−13.0

Connecticut

15

50.0

Total

4,163

4.4

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