Report: World Domicile Update

The statistics are in. Captive Review forecasts there are 6,618 active captives around the world at year-end 2016.  This number includes cell companies and series cores, but not individual cells or series.

Fifty-five domiciles, from Vermont and Singapore to Switzerland and Puerto Rico, took part in this year’s World Domicile Update, sponsored by Liptz & Associates, which breaks down new formation and surrendered licence activity by region and type.

There were 616 new licences issued during 2016, while 407 licences were surrendered during the calendar year. This means there was a net increase of 209 captives around the world.

The full World Domicile Update, sponsored by Liptz & Associates, can be accessed below:

Waste Management captive rated ‘Excellent’

The Vermont-domiciled captive owned by Waste Management, Inc has had its financial strength rating of ‘A’ (Excellent) affirmed by A. M. Best. National Guaranty Insurance Company of Vermont...
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Credit for reinsurance and ERISA benefits pass in Texas

The Texas Captive Insurance Association (TxCIA) is celebrating the passage of House Bill 1944, bringing further sophistication to the growing domicile. Legislators in Texas passed its original captive...
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Marsh-managed captives carrying $110bn in surplus

Captives owners are increasingly exploring how best to deploy the surplus capital in their insurance entities as a way to mitigate risk or add new, emerging coverage. Marsh...
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Carol Pierce joins Kroll Bond Rating Agency

Kroll Bond Rating Agency (KBRA) has appointed Carol Pierce as a director in its insurance group focusing on captives, reinsurers and alternative capital. Pierce joins from Munich Re...
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