The Delaware Department of Insurance licensed 43 new risk bearing entities in 2023, including cells and series captives, compared to 60 in 2022.
Delaware’s year-end total was 670, including cells and series, compared to 737 at the end of 2022.
Of the 43 new captives licensed in Delaware in 2023, 15 are single parent captives, 26 are series captives and two are individual cells.
There were 110 dissolutions in 2023, compared to 90 in 2022.
Of the 670 year-end total, 262 are single parent captives, two are agency captives, one is a risk retention group, 50 are group or association captives, two are industrial insureds, 340 are series captives and 13 are individual cells.
Delaware’s total gross written premium (GWP) for 2023 was $4.3bn, compared to $4.5bn in 2022.
The State’s assets under management (AuM) were $47.8bn in 2023, compared $50.3bn in 2022.