Delaware’s captive insurance bureau licensed 87 captive insurers and 141 series business units in 2014, said to the state’s insurance commissioner, Karen Weldin Stewart.
Since its inception, Delaware’s captive programme has licensed 385 captive insurers, 753 series business units, and 13 cells.
The programme currently has 333 active captive insurers, 688 active series business units, and 12 active cells.
“I am very pleased that the captive programme continues to grow. This programme provides economic opportunities for my constituents and much needed revenue for the state,” commented Stewart.
“I am gratified by our continued success and I look forward to expanding our programme even more in 2015.”
Delaware is currently the third-largest US domicile and the sixth-largest domicile globally for captive insurers, according the state’s department of insurance.
