| Top 20 Global Captive Domiciles, 2020-2021 |
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Number of captives |
| Rank |
Domicile |
2020 |
2021 |
| 1 |
Bermuda |
680 |
670 (1) |
| 2 |
Cayman Islands |
652 |
661 |
| 3 |
Vermont |
589 |
620 |
| 4 |
Utah |
396 |
384 |
| 5 |
Delaware |
288 |
313 |
| 6 |
North Carolina |
250 |
257 |
| 7 |
Barbados |
226 (2) |
253 |
| 8 |
Hawaii |
242 |
251 |
| 9 |
Luxembourg |
199 |
192 |
| 10 |
Guernsey |
188 (2) |
192 |
| 11 |
South Carolina |
175 |
183 |
| 12 |
Nevada |
166 |
161 |
| 13 |
Tennessee |
145 (2) |
153 |
| 14 |
Arizona |
131 |
149 |
| 15 |
Nevis |
116 |
122 |
| 16 |
District of Columbia |
106 |
112 |
| 17 |
Montana |
115 (2) |
102 |
| 18 |
Isle of Man |
102 (2) |
99 |
| 19 |
Singapore |
80 |
84 |
| 20 |
Anguilla |
94 (2) |
77 |
| |
Total, top 20 |
4,940 |
5,035 |
| |
Total, all captives |
5,879 |
5,985 |
(1) Business Insurance estimate
(2) Restated
Source: Business Insurance, March 2022. |
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