20 March 2018Analysis
Oregon welcomed 10 new captives in 2017 – but six also closed
The state of Oregon licensed ten new captives in 2017 – although six closed in the same period.
The Oregon Division of Financial Regulation revealed on its website that it licensed 10 new pure captive insurance companies in its year-end figures.
With six closing in the same period, the state was home to 14 captive insurance companies as of 31 December 2017.
Oregon first passed a captive insurance law in July 2012; it started accepting captive applications in the autumn of that year.
A spokesman from the Oregon Division of Financial Regulation said that the state is hoping for more growth in 2018.
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21 March 2018 Michigan-domiciled captive insurance companies exceeded $2 billion in written premiums for the first time in 2017 and three new captives were licensed in the state.
Analysis
21 March 2018 Michigan-domiciled captive insurance companies exceeded $2 billion in written premiums for the first time in 2017 and three new captives were licensed in the state.