Montana has continued it strong growth, licensing 38 new captive entities in 2015.
The 38 new captives licensed in 2015 included 32 pure captives, two dedicated to reinsurance captives, and four special purpose captives.
John Jones, president of Montana Captive Insurance Association, commented: "These latest numbers clearly demonstrate that Montana is serious about building a world-class captive insurance domicile.”
The results revealed that Montana has licensed 191 standalone captive insurance companies and 307 total risk-bearing entities, as of 31 December 2015.
The 191 standalone captives are made up of 128 single parents, 28 for reinsurance, nine special purpose captives, 16 risk retention groups, two association captives and eight protected cells.
Jones added: "We believe this success has been fostered through a combination of experienced and consistent regulators, supportive legislators, top notch service providers, and a highly effective industry trade association."
