Designed and facilitated by Cinda Carbone, this Hawaii domiciled pure captive provides policy lines that cover self insured losses and mitigate commercial gaps in coverage for a large privately owned real estate holding company. Ms. Carbone’s extensive experience with the Hawaii Captive Insurance Regulators facilitated a seamless formation process and resulted in our obtaining a license for the new captive within 60 days.
Hawaii’s captive law was enacted in 1987. With 175 captive as of June, 2012, Hawaii is one of the largest on-shore domiciles. Industry Groups typically represented by the Hawaii Captive Insurance Council are: Construction & Real Estate (57), Health Care (29), Telecommunications & Manufacturing (30), Retail & Other Services (25), Financial Services (16) and Transportation & Energy (18). Hawaii captives have grown to an estimated $14 billion in combined assets and $2.6 billion in premiums according to the latest update from the Deputy Insurance Commissioner.
For more information on Hawaii’s captive environment visit the regulatory web site at http://cca.hawaii.gov/captive/ and the Hawaii Captive Insurance Council’s web site at http://hawaiicaptives.com/hawaii-means-business.