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Delaware Now Sixth Largest Captive Insurance Domicile

Delaware Insurance Commissioner Karen Weldin Stewart said in a statement that the state grew its number of captive insurers in 2013.

By Steven A. Meyerowitz, Esq., Director, FC&S Legal | Updated on May 19, 2014

Editor’s note: Steven A. Meyerowitz, Esq., is a director of FC&S Legal. FC&S and PC360 are both owned by Summit Professional Networks

Delaware has become the sixth largest captive-insurance domicile. Delaware Insurance Commissioner Karen Weldin Stewart said in a statement that the state grew its number of captive insurers in 2013. In particular, at year-end 2013, there were 298 licensed captives with 266 being active. As of year-end 2012, Delaware had licensed 212 captive insurers with 192 being active.

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