With the strong growth of the captive market, many domestic and foreign jurisdictions have approved captive insurance legislation. In the early years, foreign jurisdictions such as Bermuda and the Cayman Islands were industry leaders.
A few years later, some states in the U.S. passed captive insurance legislation. Today, over half of the states have captive laws in place.
There are multiple considerations in deciding on the best location for your captive, such as the following: