Captive formations slowed in 2007 at Insurance Wood

Captive formations slowed in 2007

With the traditional insurance market softening, captive formations are easing in two of the nation?s largest captive domiciles. In Vermont, 32 captives were licensed in 2007, down from 37 each in 2006 and 2005. New captive sponsors included well-known companies such as American International Group...

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MONTPELIER, Vt.—The Vermont Department of Banking, Insurance, Securities and Health Administration licensed 37 captives in 2006, as new captive formation held steady in the nation’s largest domicile. Last year’s 37...

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SALT LAKE CITY—The Utah Department of Insurance in 2006 licensed a record 16 captive insurance companies, doubling the state’s captive roster to 30. Of the new formations, 15 were single-parent...

Captive formations slowed in 2007

Insurance Wood