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Delaware News: Delaware Licenses 46 Captive Insurers in Challenging Environment

Delaware News: Delaware Licenses 46 Captive Insurers in Challenging Environment

DOVER, DE – Jan. 23, 2019 – Delaware Insurance Commissioner Trinidad Navarro today announced the formation of 46 captive insurers in Delaware in 2018.  Commissioner Navarro stated, “Captive insurance formations faced a number of challenges in 2018, due to recent changes in tax law.  Despite the headwinds, Delaware’s having knowledgeable captive regulators continues to attract quality applicants.  Delaware is the fifth largest captive domicile in the world, and 3rd largest in the U.S.  It is only one of four captive insurance domiciles that is ICCIE (International Center for Captive Insurance Education) trained. 

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