North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387

North Carolina Captive Insurance Association

FEATURED ARTICLE

North Carolina Captive Insurance Program Wins U.S. Captive Review Award For 2020

(Southern Pines)….Winners of the CAPTIVE REVIEW US Awards were announced on Wednesday, October 7 in a virtual awards ceremony. In the category Domicile of the Year – less than $5bn gross premium the North Carolina Captive Insurance program was declared the winner for the 2020 Award. The independent judges who made the selection stated that, … North Carolina Captive Insurance Program Wins U.S. Captive Review Award For 2020 Read More »

PRESS RELEASE

NCCIA Chairman, Lea Riddle Makes Announcement Regarding CICA Amicus Brief Filing.

PRESS RELEASE (Southern Pines)…..Lea Riddle (McGriff Insurance), Chairman of the NC Captive Insurance Association announced to the association’s membership that NCCIA and 23 leading national, state and territorial captive domicile associations, including: Alabama, Arizona, the Captive Insurance Company Association (CICA), Connecticut, Delaware, the District of Columbia, Georgia, Hawaii, Kentucky, Missouri, Montana, Nevada, New Jersey, Oklahoma, … NCCIA Chairman, Lea Riddle Makes Announcement Regarding CICA Amicus Brief Filing. Read More »

NCCIA Chairman, Lea Riddle Makes Announcement Regarding CICA Amicus Brief Filing.

PRESS RELEASE (Southern Pines)…..Lea Riddle (McGriff Insurance), Chairman of the NC Captive Insurance Association announced to the association’s membership that NCCIA and 23 leading national, state and territorial captive domicile associations, including: Alabama, Arizona, the Captive Insurance Company Association (CICA), Connecticut, Delaware, the District of Columbia, Georgia, Hawaii, Kentucky, Missouri,…

Join us Aug 31st- Sept 2nd at the Washington Duke Inn & Golf Club for the 2020 NCCIA Annual Conference

We are currently accepting Requests For Presentations for the 2020 NCCIA Conference

Click below to submit a presentation proposal by EOD Monday Sept 20th

CONFERENCE NEWS

2020 NCCIA Annual Conference CANCELED

PRESS RELEASE (Southern Pines, NC)….The Board of Directors on the NC Captive Insurance Association announced Wednesday that it has canceled it’s 2020 Annual Conference rescheduled for August 30-September 2 at…

NCCIA Chairman, Lea Riddle Makes Announcement Regarding CICA Amicus Brief Filing.

PRESS RELEASE (Southern Pines)…..Lea Riddle (McGriff Insurance), Chairman of the NC Captive Insurance Association announced to the association’s membership that NCCIA and 23 leading national, state and territorial captive domicile associations, including: Alabama, Arizona, the Captive Insurance Company Association (CICA), Connecticut, Delaware, the District of Columbia, Georgia, Hawaii, Kentucky, Missouri,…

2020 NCCIA Annual Conference CANCELED

PRESS RELEASE (Southern Pines, NC)….The Board of Directors on the NC Captive Insurance Association announced Wednesday that it has canceled it’s 2020 Annual Conference rescheduled for August 30-September 2 at the Washington Duke Inn in Durham citing complications from the Covid -19 virus. The conference, originally scheduled for May, was…

COMMENTS FROM THE COMMISSIONER

Since its 2013 inception, each year the captive insurance program has experienced growth in the number of captive insurers forming and redomesticating to North Carolina.

This success has taken place because of North Carolina’s appropriate yet pro-business approach to regulation; the support and participation by captive insurer owners, captive managers and other captive insurer service providers; and the contributions of the North Carolina Captive Insurance Association. 

As a result, the captive insurance industry has favorably impacted North Carolina’s economy by creating jobs, generating premium tax revenues, and generating North Carolina business revenues.

Commissioner Causey looks forward to what is in store for the future of the North Carolina captive insurance program as the North Carolina Captive Insurance Association, the captive insurance industry, and the North Carolina Department of Insurance work together for the common goal of a strong, healthy captive insurance industry in North Carolina. 

 North Carolina continues to prove to be a great place for captive insurers.

Mike Causey
NC Insurance Commissioner

North Carolina’s Captive Insurance Program Recognized as Industry Leader

RALEIGH – North Carolina Insurance Commissioner Mike Causey is pleased to report that North Carolina’s captive insurance company program, now in its 5th year of operation, has established itself as a leading domicile for captive insurance companies.

“I applaud and welcome the solid growth of the state’s captive insurance company program,” said Commissioner Causey. “In just five years, as captive insurance companies have made
North Carolina their home, the program’s growth has positively impacted the state’s economy by creating jobs and generating premium taxes and business revenues.”

Captive insurance is a type of self-insurance through which a business may form its own insurance company to insure its risks. Potential benefits of captive insurance include reduced insurance costs, stabilized pricing, customization of policy terms and conditions to meet a business’s needs, and the ability to obtain coverage that is not readily available or too costly in the commercial market.

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