The Michigan Captive Insurance Domicile

Welcome to Michigan sign with lighthouse, lake icon and the words GREAT LAKES, GREAT TIMES

July 11, 2019

Welcome to Michigan sign with lighthouse, lake icon and the words GREAT LAKES, GREAT TIMES

Receptive, knowledgeable, and accessible captive regulators have helped fuel the growth of Michigan as a captive domicile. At the end of 2018, Michigan had 23 captives, a more than 50 percent increase since 2013.

More striking, though, than the increase in its licensed captives, has been the huge jump in the amount of business Michigan captives are doing.

In 2018, Michigan captives racked up $2.2 billion in gross written premiums, according to state captive regulators. By contrast, as recently as 2015, captives' gross written premiums were less than $100 million.

Click on the image below to learn more about the Michigan captive domicile.

A rope circles the word MICHIGAN and the state seal which has a bald eagle, an elk and moose holding a shield

July 11, 2019