Tennessee DCI reports sixth straight year of captive growth
The Tennessee Department of Commerce & Insurance’s (TDCI) Captive Insurance Section has announced that 2025 was the sixth consecutive year that Tennessee saw gains in the numbers of active cells and risk-bearing entities.
“By combining responsible regulation, a modern captive insurance statute, and a team of customer-focused professionals, Tennessee continues to distinguish ourselves among captive domicile managers as the perfect place to call home when establishing a captive insurance domicile,” said TDCI Commissioner Carter Lawrence. “I am optimistic that the growth trend we’ve seen in little over half-a-decade will continue into the future as Tennessee’s reputation as a first-in-class choice for captive domicile managers grows.”
TDCI’s Captive Insurance Section is responsible for regulating the Tennessee captive insurance industry. Captive insurance represents an option for businesses that want to take financial control and manage risks by underwriting their own insurance coverage rather than paying premiums to third-party insurers.
After a significant modernisation to Tennessee’s captive statutes in 2011, Tennessee has seen steady and significant growth in the captive market.
The highlights in 2025 for TDCI’s Captive Insurance Section include:
• At the end of 2025, five new captives and 50 new cells were licensed in Tennessee. Today, Tennessee has 184 captives and 703 cells.
• Tennessee saw an 8% growth in active cells and a 6% overall growth in risk-bearing entities from 2024 to 2025.
• Premiums rose in 2025 to $4.2 billion compared to $2.1 billion in 2024.
“I commend our fantastic team of analysts who made customer service and connecting with prospective customers their focus in 2025 and beyond,” said TDCI captive section director Mark Wiedeman. “I firmly believe that sustained year-over-year growth, good relationships, and connectivity with our customers will continue to incentivise other companies to use establishing a captive in Tennessee for their risk-financing needs.”
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