Tennessee Captive Insurance Section Sees Growth

Fifty-seven new captive insurance companies chose Tennessee as their domicile in 2015, according to the Tennessee Department of Commerce and Insurance. The new captives consist of 47 pure captives, four risk-retention groups, and six protected cell captives containing 106 protected cells. The addition of 57 new captives represented a 37% increase over last year, bringing Tennessee’s total number of captives to 126, TDCI said in a news release last week. TDCI’s Insurance Division regulates the state’s captive insurance industry.  The 57 captives include seven redom...