30 January 2015Services

Arizona licenses 13 captives in 2014

The Captive Division of the Arizona Department of Insurance has licensed 13 captives in 2014, a net increase of 8 percent since the end of 2013.

As of year-end 2014, Arizona has licensed 114 captives, although five captives were dissolved/redomesticated/withdrawn during the year. One application is currently pending.

Pure and pure - reinsurance captives represent 81 percent of the types of captives licensed.

One quarter of captives operate in the health care and social assistance sector, with 22 percent in the finance and insurance sector and 17 percent in the construction sector.