| Top 20 Global Captive Domiciles, 2022-2023 |
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Number of captives |
| Rank |
Domicile |
2022 |
2023 |
| 1 |
Vermont |
639 |
659 |
| 2 |
Cayman Islands |
642 (1) |
658 (1) |
| 3 |
Bermuda |
633 (1) |
633 (1) |
| 4 |
Utah |
412 (2) |
439 |
| 5 |
North Carolina |
294 |
311 |
| 6 |
Delaware |
319 (2) |
289 |
| 7 |
Barbados |
261 (2) |
267 |
| 8 |
Hawaii |
255 |
263 |
| 9 |
South Carolina |
209 (2) |
221 |
| 10 |
Guernsey |
203 (1) |
199 (1) |
| 11 |
Luxembourg |
195 |
195 |
| 12 |
Arizona |
162 |
176 |
| 13 |
Tennessee |
150 |
162 |
| 14 |
District of Columbia |
113 |
120 |
| 15 |
Montana |
101 |
100 |
| 15 |
Nevada |
155 |
100 |
| 17 |
Isle of Man |
99 (2) |
98 |
| 18 |
Nevis |
102 |
94 |
| 19 |
Singapore |
82 |
87 |
| 20 |
Texas |
72 (2) |
79 |
| |
Total, top 20 |
5,098 |
5,150 |
| |
Total, all captives |
6,093 |
6,181 |
(1) Business Insurance estimate.
(2) Restated.
Source: Business Insurance, April 2024. |
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