Domicile Wars: Georgia sees room for further captive growth

• Georgia added three new captives in 2022, 56 active captives at year-end
• Statute update in 2015 has created a more attractive domicile, particularly for local businesses
• Mixed opinion on how aggressive the state is when collecting the 4% self-procurement tax

Regulators and the local captive insurance association are anticipating further captive growth in Georgia as the hard market and a competitive regulatory regime prompts continued interest, particularly for businesses headquartered in the State.

The Captive Intelligence database indicates that the state added three new captives in 2022, while one captive surrendered its licence, bringing the total number of captives in the state (without cells) to 56.