Filed Under:Risk Management, Captives

Home State Advantages May Lead to Captive Re-domiciling

NU Online News Service, March 8, 1:46 p.m. EST

The U.S. captive industry may be undergoing some changes with a new trend towards domiciling in a company’s resident state, according to a captive expert.

He notes, “There’s not an up-and-coming domicile as much as there is a trend, for many reasons, to domicile in your home state.”

New York, he adds, was ahead of the curve in that all its captives are now New York-based companies. In fact, the one New Jersey-based captive has relocated to New Jersey, he says.

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