Hawaii Report 2016

This year marks the 30th anniversary of the passage of Hawaii’s captive law.  Hawaii’s captive industry has enjoyed steady growth over the last three decades and in particular has some of the most robust locally based dedicated captive resources in the United States, reports Paul Wagner, HCIC President.

Hawaii’s captive regulatory process and infrastructure has had a chance to evolve over this time period – we’ve already been through our “growing pains” – to arrive at an environment that adequately balances the needs of the captive owner and the needs of the regulators.

As a captive owner, we have many onshore and offshore captive domiciles to choose from. Being an East Coast based company, others may wonder why we selected a domicile so far away from our home state. As discussed in depth in our captive case study, ‘The Power of Captives’, there are many quantitative and qualitative factors leading to our selection of Hawaii.

hawaii cover

Hawaii offers a first-class captive owner experience. We never feel like just another number in the Hawaii captive landscape. Hawaii captive industry events are welcoming and inclusive – it’s that indefinable aloha spirit that you find in abundance here. We’ve found unparalleled service across the board from all sectors.

As an active member of the Hawaii Captive Insurance Council, we’ve witnessed firsthand the level of collaboration between the public and private sector. The production of this Captive Review report is just one such example, with the HCIC, State of Hawaii and other participating HCIC members working together to provide you with the most up-to-date information and techniques on owning and operating your Hawaii captive.

As you peruse the information in this report, the expertise demonstrated by the contributing authors is evident. The majority of contributors are locally based in Hawaii. We trust you will see why Hawaii as a captive domicile is “in a class by itself”.

Click here to view the Hawaii Report 2016

John Keating joins Coca-Cola European Partners

John Keating has joined the risk and insurance team at Coca-Cola European Partners (CCEP) as associate director, risk...
MORE

Hong Kong has captive potential, but tax changes not a “game changer”

The tax changes tipped to encourage captive formations in Hong Kong is unlikely to have the desired effect, according to Jonathan Culver, leader of Deloitte’s financial services tax...
MORE

Three captives in, 29 out of BVI

The British Virgin Islands licensed three new captives in 2017, while 29 captives surrendered their licence. The high number of surrendered licences follows a trend across offshore and...
MORE

Pfizer captive rated ‘Excellent’

The Vermont captive owned by pharmaceutical giant Pfizer has had its financial strength rating of ‘A’ (Excellent) affirmed by A.M. Best. Blue Whale Re Ltd writes Pfizer’s global...
MORE