Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Hawaii increases captive insurer count in 2015

Reprints

Hawaii regulators said Wednesday they licensed 19 captive insurers in 2015, up from 15 in 2014 and 17 in 2013.

Of the 19 formations, 18 were single-parent captives, and one was a risk retention group.

With 16 captives dissolving, the 19 formations in 2015 brought Hawaii's total number of captives licensed to a record 197.

“We continue to see positive growth in captive formations,” said Sanford Saito, Hawaii deputy commissioner and captive insurance administrator in Honolulu.

And captive growth is continuing in 2016, with one new captive licensed since the start of the year, and two applications pending, Mr. Saito said.

Read Next