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Missouri Welcomes 10 New Captives in ‘Solid’ 2018

22 Feb 2019 1:12 PM | Laura Taylor (Administrator)

Repost from Captive Insurance Times

Missouri licensed 10 new captive insurance companies last year, an increase on the eight captives licensed in 2017.

Statistics from the Missouri Department of Insurance, Financial Institutions and Professional Registration revealed that four captives surrendered their licences due to relocation or closure in 2018, the same number as in both the two previous years.

The net growth in the number of total captives last year was six, meaning at year-end 2018, there were 72 captives licensed in Missouri, 54 of which were active.

Of the 54 active captives, 39 were pure captives, 12 were special purpose life reinsurance captives, two were branch captives and one was an association captive.

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