| Top 20 Global Captive Domiciles, 2019-2020 |
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Number of captives |
| Rank |
Domicile |
2019 |
2020 |
| 1 |
Bermuda |
715 |
680 |
| 2 |
Cayman Islands |
618 |
652 |
| 3 |
Vermont |
585 |
589 |
| 4 |
Utah |
432 |
396 |
| 5 |
Delaware |
366 |
288 |
| 6 |
Barbados |
275 |
276 |
| 7 |
North Carolina |
235 |
250 |
| 8 |
Hawaii |
231 |
242 |
| 9 |
Tennessee |
194 |
212 |
| 10 |
Luxembourg |
196 |
199 |
| 11 |
Guernsey |
197 |
191 |
| 12 |
South Carolina |
179 |
175 |
| 13 |
Nevada |
174 |
166 |
| 14 |
Arizona |
128 |
131 |
| 15 |
Nevis |
147 |
116 |
| 16 |
Montana |
121 |
114 |
| 17 |
District of Columbia |
104 |
106 |
| 18 |
Isle of Man |
102 |
100 |
| 19 |
Anguilla |
129 |
99 |
| 20 |
Singapore |
73 |
80 |
| |
Total, top 20 |
5,201 |
5,062 |
| |
Total, all captives |
6,160 |
6,027 |
Source: Business Insurance (www.businessinsurance.com), March 2021. |
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