In an increasingly fragmented captive marketplace, it's becoming more and more difficult for a domicile to differentiate itself from the competition. Gone are the days of a quick trip to offshore domiciles Bermuda or Grand Cayman, or onshore to Vermont or Hawaii.
As for a risk retention group solution, there's only one country to go–the United States–but captives and RRGs still must choose which state to set up shop.
While the first captive domicile was Bermuda–chosen by Ohio insurance agent Fred Reiss in 1955 (my uncle), who first developed captives–other early adopters include Cayman, Guernsey and Vermont.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
