The Oregon Division of Financial Regulation licensed 10 new pure captive insurance companies last year, according to its year-end figures.
The statistics also showed that six captive insurers closed operation, meaning as of 31 December 2017 there were 14 captive insurance companies domiciled in the Beaver State.
Oregon’s captive insurance law was passed in July 2012 and the state began accepting captive applications in the Autumn of that year.
A spokesman from the Oregon Division of Financial Regulation said: “We are always looking to grow our captive insurer business. We have an experienced staff that works with captive managers, attorneys, and CPA’s to efficiently apply the law.”
The spokesperson added: “Our hope is that this collaboration will lead to continued growth.”
