Strong year for captive formations in Delaware

Delaware licensed 56 new captives in 2019, according to the state’s insurance commissioner Trinidad Navarro. This compares with 46 captive insurers formed in the domicile in 2018. In total, Delaware’s captive insurance programme contributed $4m to the state in 2019. “The success of Delaware’s captive insurance programme is reflective of the hard work of Delaware’s captive staff in applying firm…

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