The years of dominance enjoyed by offshore captive domiciles may be coming to an end as more captive formations move onshore into the United States and Europe, says a report from the Insurance Information Institute (I.I.I.).
In an update to its research of alternative-risk vehicles, I.I.I. says more than half of the captive formations in 2011 were located within the European Union and the United States, up from 35 percent of formations in 1991.
But still only one of 2011's Top 5 captive domiciles was onshore: Vermont. The state's 590 active captives ranked third overall for captive domiciles, placing behind the 862 captives located in Bermuda and the 707 in Cayman.
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