Captive Insurance

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.

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.

Latest News

Hawaii holds its 10^th annual captive briefing at the Imperial Hotel in Tokyo…
On Wednesday, November 5, 2008, Hawaii held its 10th Annual Hawaii Captive Insurance Briefing and Reception at the Imperial Hotel in Tokyo. The event was jointly hosted by the State of Hawaii Captive Insurance Branch and the Hawaii Captive Insurance Council. The five hour event was attended by about 100 attendees including representatives from various sectors of Japanese insurance and business community. Presentations were made by Craig Watanabe - Deputy Insurance Commissioner & Captive Insurance Administrator, Matthew Takamine and Paul Shimomoto from the Hawaii Captive Insurance Council, Kurt Kawafuchi – Director of the State of Hawaii Department of Taxation, and Mr. Terry Karasaki Director of Risk Management for Yazaki International. For presentations, please select from the following:

Captive Basics (English Version)
Captive Basics (Japanese Version)
Advanced Session (English Version)
Advanced Session (Japanese Version)

Best’s Review interviews the leading captive domiciles to help simplify the complexities of setting up specialized insurance organizations. Read full story here

Regulators in the Aloha State are touting Hawaii's ultimate destination package: insurance haven. Read full story from Best's Review (PDF) Major Japanese Credit Card Company Establishes Hawai'I Captive Insurance Company JCB Co., Ltd. (“JCB”), a major global payment brand and leading credit card issuer and acquirer in Japan recently selected Hawai'i as the home for its new captive insurance subsidiary, PermCore Insurance Co., Ltd. ("PermCore"). Read the full Press Release (PDF)