The state currently hosts 311 captive entities, up from 294 in 2022, with Utah holding 439 and Vermont licensing 659.
Titled ‘The Balancing Act of Captive Management’, the event will address inflationary challenges that insurance companies face.
The new company is set to make its formal debut at the British Insurance Brokers’ Association conference, taking place on 15 to 16 May in Manchester.
The move aims to enhance the Alliant Underwriting Solutions division's real estate products and underwriting capabilities.
The consortium will initially offer a maximum line of US$40 million, led by Antares with a 75 per cent share.
The new platform will help clients globally monitor their assets and navigate complex and interconnected risks.
Ovation Home Insurance Exchange is the most recent approval, followed by Manatee Insurance Exchange, Condo Owners Reciprocal Exchange and Orange Insurance Exchange.
