North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387
910-684-8379

North Carolina Captive Insurance Association

SPECIAL VIDEO ANNOUNCEMENT: 2020 NCCIA Annual Conference Moves To Durham

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

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

FEATURED NEWS

NAIC and APCIA React to IAIS’ International Standard-Setting

Read original article at Captive.com National Association of Insurance Commissioners (NAIC) President and Superintendent of the Maine Bureau of Insurance Eric A. Cioppa recently testified before the US Senate Committee on Banking, Housing, and Urban Affairs at a hearing titled Developments in Global Insurance Regulatory and Supervisory Forums. The hearing focused on…

NAIC and APCIA React to IAIS’ International Standard-Setting

Read original article at Captive.com National Association of Insurance Commissioners (NAIC) President and Superintendent of the Maine Bureau of Insurance Eric A. Cioppa recently testified before the US Senate Committee on Banking, Housing, and Urban Affairs at a hearing titled Developments in Global Insurance Regulatory and Supervisory Forums. The hearing focused on…

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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FEATURED ARTICLES

NCCIA Conference Moving To Durham For May 2020

PRESS RELEASE (Charlotte)…..In a surprise announcement NCCIA President and CEO Thomas Adams announced that the association was moving the dates for it’s annual conference for 2020 and beyond, to the…

NCCIA Board Elects New Officers

NEWS RELEASEFor Release Tuesday September 3, 2019  (Southern Pines)…..The NC Captive Insurance Association has named Lea Riddle, McGriff Insurance Services as it’s Chairman for 2019-20. Riddle succeeds Leon Rives of…

North Carolina licences five new captives

Originally published by CaptiveReview.com North Carolina has licensed five new captives so far this year, filings show. By Fraser Irving, Captive Review North Carolina has licensed five new captives so…

North Carolina Captives Continue on a Growth Curve

Originally published by Captive.com North Carolina, one of the largest US captive insurance company domiciles, continues to grow. As of April 1, North Carolina, the fourth-largest US domicile, had 244…

NCCIA Conference Moving To Durham For May 2020

PRESS RELEASE (Charlotte)…..In a surprise announcement NCCIA President and CEO Thomas Adams announced that the association was moving the dates for it’s annual conference for 2020 and beyond, to the…

NCCIA Board Elects New Officers

NEWS RELEASEFor Release Tuesday September 3, 2019  (Southern Pines)…..The NC Captive Insurance Association has named Lea Riddle, McGriff Insurance Services as it’s Chairman for 2019-20. Riddle succeeds Leon Rives of…

North Carolina licences five new captives

Originally published by CaptiveReview.com North Carolina has licensed five new captives so far this year, filings show. By Fraser Irving, Captive Review North Carolina has licensed five new captives so…

North Carolina Captives Continue on a Growth Curve

Originally published by Captive.com North Carolina, one of the largest US captive insurance company domiciles, continues to grow. As of April 1, North Carolina, the fourth-largest US domicile, had 244…

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