8 February 2023Analysis

Hawaii releases latest captive numbers

Hawaii’s Captive Insurance branch of its state government has revealed that it now has 255 captive insurance entities on its books.

According to the latest figures from its governmental website, Hawaii saw 13 new captive or similar companies registered in the state over the course of 2022.

These included three class 1 captives that only write as a reinsurers, seven class 2 that write direct and / or reinsures, one class 4 or leased capital facility captives and two class 5 or reinsurance and excess insurance companies.

Hawaii licensed 21 new captive entities in 2020 and another 17 in 2021.