- Gross premium up 11% year-on-year
- Popular domicile choice for Japanese and western US businesses
- Regulator open to innovative structures and new coverages
- Proposal in works to grant commissioner more discretion with captive examinations
Although Hawaii has not added the same headline number of new captives in recent years compared to some other US domiciles, its existing portfolio continues to increase in sophistication and premium volume.
The Aloha State licensed 14 new captives in 2023, but the gross premium written by its captives reached $17.65bn (up 11.3% from 2022), while total assets held amounted to $37.23bn including $9.22bn of capital and surplus.
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