North Carolina Reports Exponential Growth in 2015

NCCIA

North Carolina Insurance Commissioner Wayne Goodwin announced that in two years of captives being permitted to domicile in North Carolina, the industry has had a positive impact on the state’s economy of approximately 15.3 million dollars, an increase of 12.3 million dollars over 2014.  The industry is also a job creator with 50 new full-time positions directly attributed to captives in the state.

The North Carolina DOI has approved 336 risk bearing entities including 96 captive insurers with premium revenues of approximately $700 million in 2015.  2015 marked a significant increase over 2015 revenues which were $125 million.

Please contact us at [email protected] or 410-472-6490 to speak with one of our captive research specialists about the exciting changes occurring in the captive industry!