domicile
Delaware licenses captives through the Captive Bureau of its Department of Insurance under Title 18, Chapter 69 of the Delaware Code. Delaware offers several legal forms, so the first step is to pin down which one your advisers mean.
US state domicile; captives are licensed by the Delaware Department of Insurance under 18 Del. C. Chapter 69.
13 active providers
How are these providers ranked?Delaware's Department of Insurance licenses captives through its Captive Bureau, applying Chapter 69 of Title 18 of the Delaware Code. The Insurance Commissioner issues the certificate of authority.
Chapter 69 defines pure, association, industrial insured, agency and special purpose captives, as well as series captives and branch captives, and has separate subchapters for sponsored captives and special purpose financial captives. A captive can also be organized as a corporation, LLC or other permitted entity. Because "series," "cell" and "sponsored" arrangements are legally distinct, ask counsel to confirm the exact Delaware form before comparing it with another domicile.
The Captive Bureau's application asks for:
It also asks applicants to name an authorized captive manager, certified public accountant and actuary, along with an attorney, registered agent and other service providers.
Formation requires the Commissioner's approval. At least one member of the board of directors or other governing body must be a Delaware resident or have a principal place of business in Delaware. The Bureau also offers an expedited conditional-license process for managers who already run Delaware captives; whether it applies depends on the manager.
Captives file annual reports with the Commissioner under § 6907 and are subject to examination under § 6908. Premium tax is levied under § 6914. Material changes and certain transactions require notice to the Department (§§ 6921–6922).
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Each card shows how that provider relates to Delaware — headquartered here, an office here, or serving the domicile.
Advantage Insurance Management provides independent captive feasibility, formation, management, accounting, regulatory, compliance, governance and restructuring services to U.S. and international captive insurance programs.
Aon Insurance Managers (USA) Inc. is a U.S. captive management entity operating within Aon’s Captive & Insurance Management practice. Its captive services include management, captive and risk-finance strategy support, actuarial services, underwriting and claims support, accounting and treasury support, and risk management, compliance and governance support.
Crowe LLP is a U.S. public accounting and consulting firm providing audit, tax, advisory and consulting services. Its insurance practice serves commercial insurers, captive insurance companies, risk retention groups and other insurance-related organizations.
GPW and Associates, Inc. provides captive and reinsurance management, captive consulting, accounting, tax compliance and regulatory management. Its wholly owned subsidiary, GPW Actuarial Services, Inc., provides actuarial pricing, reserving, benchmarking and product-development services.
Independent captive manager providing captive feasibility, implementation, ongoing management, accounting, regulatory coordination, claims support, and risk management services for U.S.-domiciled captive insurance companies.
Independent, employee-owned property and casualty actuarial and management consulting firm providing actuarial, risk financing, enterprise risk management, predictive analytics, reinsurance, regulatory, and alternative market consulting services.
Risk Services, LLC is a full-service captive insurance manager providing formation, licensing, accounting, financial reporting, regulatory compliance, underwriting, policyholder administration, reinsurance intermediary and fronting support services.
Strategic Risk Solutions (Vermont), Ltd. provides captive insurance management, consulting, financial reporting, regulatory compliance, governance, underwriting and strategic advisory services to captive insurers, group programs, risk retention groups and other insurance entities.
Marsh Captive Solutions provides captive consulting, actuarial, formation, management, technology, benchmarking, cell-facility and optimization services across the captive lifecycle.
RH CPAs, PLLC is a public accounting, tax and advisory firm providing audit, tax, accounting, regulatory and consulting services to captive insurers, risk retention groups, mutual insurers, life insurers, property and casualty insurers and reinsurers.
Arizona-based captive manager and insurance broker providing captive management, alternative risk financing, self-insured program support, and specialized sports, recreation, swimming, and event insurance.
Aprio, LLP is a licensed independent CPA firm operating under the Aprio brand and providing audit and attest services. Its insurance practice serves captive insurance companies, risk retention groups, property and casualty insurers, life and annuity carriers, reinsurers, captive managers, program administrators, MGAs and other insurance organizations. Captive-specific work includes audits under GAAP, IFRS and statutory accounting requirements.