Domiciles

Special thank you to Captive Intelligence for providing much of the data used here. It is based on year-end 2022 and has been verified with relevant governing bodies, based on the following definitions:

• The core of cell or “sponsored” captive structures, i.e., PCC, ICC, SPC, SAC, and Series, are included, but individual cells and series are not.
• Data on individual cells and series is collected where domiciles provide it, and numbers are provided, but the industry does not currently have a consistent approach to contextualizing.
• Group and Association captives are counted together under “group”.

For helpful background on how the data is gathered and measures taken to establish a consistent framework for counting captives, read a brief overview from Captive Intelligence.

If you represent a domicile or domicile association and are able to update and complete the data fields, please use this form to submit updated information. All data will be verified by CICA before it is published and will include the date and source of the update.

Number of pure / single parent captives as of 2022
Number of group / association captives as of 2022
Number of risk retention groups (RRGs) as of 2022
Number of sponsored / cell company captives as of 2022
Number of individual cells / series as of 2022
Total gross premium written and assets under management (AuM) as of year-end 2021
Gross premium: £1,000,000,000
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
Premiums to surplus
Premiums to solvency: restricted, £50,000 plus 10% of net written premium up to £2 million plus 5% of net written premium after £2 million; reinsurance, £100,000; general, £150,000 or 15% of net written premium, whichever is greater.
Minimum capital (broken out by type of captive)

Solvency requirements: restricted, £50,000; reinsurance, £100,000; general, £150,000. The Isle of Man is introducing a revised risk-based methodology for the calculation of capital and solvency requirements. The new framework is anticipated to be in place with effect from June 30, 2022.

Applicable Acts/Enabling Legislation
Insurance Act 2008; Insurance Regulations 2018; Insurance Fees Regulations 2018; Insurance (Protected Cell Companies) Regulations 2004; Insurance (Incorporated Cell Companies) Regulations 2011; Insurance (Limited Partnership) Regulations 2004; Insurance (Special Purpose Vehicles) Regulations 2015; Insurance (Supplementary Information) Regulations 2016.
Contact information for captive Administrator
Speed of licensing
8 - 12 weeks approximately
Time given for operational plan changes
Website Address
Are Exams done by own employees or by contract?
What is the examination cycle by type of captive?
Average/Estimated Exam Cost for Single Parent Captive
Average/Estimated Exam Cost for Risk Retention Group
State domicile association name and website

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