| Top 20 Global Captive Domiciles, 2021-2022 |
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Number of captives |
| Rank |
Domicile |
2021 |
2022 |
| 1 |
Bermuda |
670 (1) |
660 (1) |
| 2 |
Cayman Islands |
661 |
650 (2) |
| 3 |
Vermont |
620 |
639 |
| 4 |
Utah |
386 (2) |
419 |
| 5 |
Delaware |
313 |
330 |
| 6 |
Barbados |
308 (2) |
315 |
| 7 |
North Carolina |
257 |
294 |
| 8 |
Hawaii |
250 (2) |
255 |
| 9 |
South Carolina |
183 |
205 |
| 10 |
Guernsey |
192 |
201 |
| 11 |
Luxembourg |
192 |
195 (2) |
| 12 |
Arizona |
149 |
162 |
| 13 |
Nevada |
161 |
155 |
| 14 |
Tennessee |
148(2) |
150 |
| 15 |
District of Columbia |
112 |
113 |
| 16 |
Nevis |
122 |
102 |
| 17 |
Montana |
102 |
101 |
| 18 |
Isle of Man |
99 |
98 |
| 19 |
Singapore |
84 |
82 |
| 20 |
Texas |
54 |
73 |
| |
Total, top 20 |
5,063 |
5,199 |
| |
Total, all captives |
6,074 |
6,191 |
(1) Business Insurance estimate
(2) Restated
Source: Business Insurance, March 2023. |
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