Hawaii Captive Growth Continues in 2014
December 19, 2014
Hawaii is now the domicile for 186 captives, with the addition of seven new captives licensed in the first three-quarters of 2014. U.S. owners represent 94 percent of the captives domiciled in Hawaii; the remaining are from Asia/Pacific locations.
Three of the newly licensed captives are managed by Aon Insurance Managers (USA), Inc.; two by Marsh Management Services, Inc.; and one each by AIG Insurance Management Services, Inc., and First Risk Management Services, Inc.
The breakdown of captive license types is as follows.
- 142 captives write direct or reinsure
- 24 are single parent captives
- 8 are pure captives that only write reinsurance
- 5 are risk retention groups (RRGs)
- 3 are reinsurance or excess captives
- 3 are leased capital facility captives
- 1 is an association captive
The construction/real estate industry group represents almost 30 percent of the total captives, telecommunications and manufacturing 18 percent, and health care slightly less than 18 percent.
View a copy of the Hawaii Department of Commerce and Consumer Affairs (DCCA) Insurance Division Captive Insurance Branch 2014 third-quarter recap. It includes the captive names and managers and license types and dates.
December 19, 2014