Major Captive Domiciles
There are approximately 5,000 captives in the world, with Bermuda the largest domicile. Over 40% of Fortune 500 companies have a captive.
Bermuda and the Cayman Islands have emerged as the world's leading offshore captive domiciles. Here's why:
- Favorable regulations and extensive experience working with U.S. companies and associations in the captive field
- Greater flexibility is allowed in designing the type of insurance program you need
- Both offer flexibility in investment opportunities
- Longer track record, stable government and predictable outcomes of legal matters due to prior precedents
In the United States, Vermont, ranked third in the world, prides itself as the premier onshore domicile for more than 120 Fortune 500 companies. Vermont provides a strong, professional and supportive infrastructure, and its long history of legislative and regulatory innovation has kept it on the leading edge of the industry.
Nearly half of U.S. states have enacted legislation allowing captive companies to be formed, including Arizona, Delaware, Hawaii, Michigan, Nevada, South Carolina, Vermont and Washington, D.C.Comerica is active in these major domiciles: