Increasing Number of Captives Opt to Domicile on U.S. Soil

Grounding no longer sounds so bad: Driven by financial incentives, new captives are choosing to stay closer to home.

By Anya Khalamayzer | Updated on May 03, 2012

The recent growth spurt among captives opting to domicile domestically can be attributed to lower establishment costs, more streamlined capitalization requirements and state governments offering increasingly creative incentives.

Another factor: more location options. The Captive Insurance Companies Association (CICA) reports that Florida and New Jersey will be the newest states open for business, effective this July.

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