Georgia welcomes 18 new captives
Georgia welcomed 18 new captive insurance companies in 2017, according to the Georgia Captive Insurance Division.
All 18 of the new captive formations were single-parent captives.
Statistics from the Georgia Captive Insurance Division show that there were a total of 42 active captives domiciled in the state at 31 December 2017.
The 42 active captives currently domiciled in Georgia are made up of nine association captives and 33 single-parent captives.
New legislation was introduced last year, which offered both businesses and captive managers a more efficient method of forming and domiciling a captive in Georgia.