Since the Hawaii captive law was enacted in 1987, there has been a steady increase in the number of new companies incorporated in Hawaii for the sole purpose of securing a captive insurance license from the Insurance Commissioner. Organizers include some of Hawaii’s largest employers, as well as, U.S. and foreign based regional and multinational companies from a diverse range of industries.
Did you know...
Hawaii captives had more than US $9 billion in combined assets in 2011.
Hawaii laws allow for the writing of all lines of casualty insurance, liability, marine and transportation, marine protection and indemnity, wet marine and transportation, property, surety, title, credit life and credit disability, or other lines that may be allowed by the Insurance Commissioner. Coverages can be provided by the captive on a direct or reinsured basis, or combination thereof.
PDF: 2012 Captive Recap