North Carolina Continues Steady Captive Growth, Emphasizes Efficiency and Innovation

North Carolina has quietly become one of the most active US captive insurance domiciles, now exceeding 1,000 risk-bearing entities just over a decade after passing its Captive Insurance Act. In a recent interview in Captive Insurance Company Reports (CICR), Joe Rosenberger, chief captive analyst at the North Carolina Department of Insurance, outlines the key elements behind the state's continued growth: predictable regulation, prompt review timelines, and a focus on practical collaboration with captive managers and owners.

Mr. Rosenberger discusses the types of captives choosing North Carolina—primarily pure and cell structures—and notes increasing activity in areas such as medical stop-loss, cyber liability, and layered property programs. He also highlights the state's streamlined processes, absence of filing fees, and use of technology, including artificial intelligence tools that support efficient review and oversight.

The interview also covers recent legislative updates, evolving risk categories, and how the state works alongside the North Carolina Captive Insurance Association to support education and industry alignment. For captive owners and advisers evaluating domicile trends, the discussion offers a view of how North Carolina approaches regulation, growth, and emerging risk needs.

Read the full Q&A with Mr. Rosenberger in CICR.

Vertafore ReferenceConnect Subscribers

• Captives in North Carolina—An Interview with Joe Rosenberger

IRMI Online Subscribers

• Captives in North Carolina—An Interview with Joe Rosenberger