The Delaware Department of Insurance’s Bureau of Captive and Financial Insurance Products reported that in 2014 it licensed 87 captive insurers and 141 series business units.
Insurance Commissioner Karen Weldin Stewart is pleased to announce that Steve Kinion, Director of the Delaware Insurance Department’s Bureau of Captive and Financial Insurance Products, has been named number three on Captive Review magazine’s “Power 50 in 2014” list.
Despite facing increased competition due to the growing number of captive insurance domiciles, Delaware grew its number of captive insurers in 2013.
Commissioner Karen Weldin Stewart Proudly Announces Delaware As U.S. Onshore Captive Domicile of the Year
Captive Review magazine has named the winners of the 2013 U.S. Captive Service Awards and Delaware has been recognized as the winner in the category of “U.S. onshore captive domicile of the year.”
The Delaware Department of Insurance announces today that the final projection for the number of captive licenses the captive bureau anticipates issuing for 2012 and the projected premium tax revenue is on a rise. Steve Kinion, Captives Director for the Delaware Department of Insurance.