U.S. captive domiciles are attracting a lot of attention recently because of new legislation and applications across the country. Here is a "map" to guide you through some of the changes and trends the industry is seeing.

Captive formation is being driven by state legislation as well as by a "friendly" interpretation of existing laws. Here is a graphical summary of what's happening with captives across the country.

While the types of captives formed and the coverages may vary, one point regulators agree on is that business is up and more captives are in the pipeline for 2011.

Captive owners identified their biggest concerns as policyholder retention and growth, followed by expanded utilization and collateral, a survey by the Captive Insurance Companies Association has found.

The captive insurance market in Missouri is seeing rapid growth with double the number of captives: 12 licensed in 2010 compared to 6 in 2009, according to the state’s captive program manager John Rehagen.

Cindy ChangRobert H. Myers, Jr. RRG Attorneys: Nevada Ignoring Federal Law
By Robert H. Myers, Jr. and Cindy Chang

Currently pending in federal district court is a case between a risk retention group, the Alliance of Nonprofits for Insurance, and the Nevada Division of Insurance. As the court contemplates its ruling, the RRG industry awaits a decision that may reverberate nationwide.

With a new insurance commissioner and the governor standing behind Tennessee’s captive insurance program, all the state needs to be a leader in the region is passage of some proposed captive statutes, according to Kevin Doherty, an industry expert involved in formulating the changes.

If there is a trend in captive formations it’s health care—and Cayman is still the go-to domicile for that industry, according to captive expert Leslie Boughner.

Because of the rapid growth of captive insurers in the state, Utah has added two examiners this year and will hire another within the next two months, said the state’s captive regulator Ross Elliott.

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Captives