Comment on Tennessee captive insurance companies exceed $1 billion in premiums

Tennessee captive insurance companies exceed $1 billion in premiums

NASHVILLE – The State of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In addition to setting a new benchmark in premiums, the Tennessee Department of Commerce and Insurance (TDCI) approved 52 new Risk-Bearing Entities (RBEs) in 2017, including licensing another captive insurance company that relocated to Tennessee from outside the United States. Tennessee’s new captives are comprised of nine “pure” captives (which is an insurance company with one owner), four protected cell captives, and 39 cell companies.

 

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