As one of North America’s leading captive domiciles, South Carolina is a business-friendly, business-savvy domicile, with world-class know-how to serve the full range of captive needs. Our captive statute is broad and up-to-date. Our regulators are accessible and reasonable, and our service provider community is second to none.
SC 29201 1-803-737-6227
The Captive Division of the South Carolina Department of Insurance licenses and regulates captive insurance companies, including Risk Retention Groups, and actively promotes South Carolina as a domicile of choice for the formation and operation of captives.
With 18 years’ experience administering and perfecting our captive programme, we are a mature domicile with an impressive portfolio of captives of all major types (including cell structures) ranging from small and simple to large and complex – owned by organizations of varying sizes whose businesses represent a wide range of industries.
We also have a deep pool of captive professionals residing in South Carolina with broad experience – captive managers, lawyers, CPAs, actuaries, and asset managers – a real captive community. Charleston alone comprises a veritable hub of world-class captive expertise. This sets South Carolina apart from almost every other onshore domicile in the North American zone.
As regulators, we strive for across-the-board professionalism, including timeliness and consistency of execution. We combine an in-depth understanding of the (re)insurance industry with a genuine appreciation for the risk management and financial imperatives of our captive owners. In other words, we are not just business friendly, we are business-savvy.
To underscore this last point, our Captive Division is led by former captive and (re)insurance industry professionals with decades of senior level experience in the private sector. We believe our private sector experience enables us to add special value as facilitators partnering in the creation and successful operation of captive business programmes of meaningful strategic benefit to their owners. We take pride in bringing that special value to bear for our captive owners and managers.
Please feel free to contact any of the three of us below. We think you’ll be surprised at how easy we are to do business with . . . .
W. Jay Branum,
Director of Captives,