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RESEARCH & BRIEFINGS

Captive Benchmarking Report 2013: Discovering Opportunity in the Shifting Captive Landscape

 


This year, more than 1,220 captives managed by Marsh were benchmarked. Of those, 886 captives were selected for benchmarking analysis, about 15% of all captives globally.

While formation of new captives is trending toward onshore domiciles, the market is not seeing a large number of offshore captives re-domicile to onshore jurisdictions.

New captive owners continued to gravitate toward onshore domiciles in the United States and European Union in 2012, though the market is not seeing a large number of existing offshore captives re-domiciling to onshore jurisdictions.

Based on the activities of 886 captive insurance companies – primarily single-parent captives – managed by Marsh at the end of 2012, 55% of companies had onshore captives versus 45% domiciled in offshore locations. This compares to 52% and 48% respectively, in 2011.

While the formation of new captives is trending toward onshore domiciles, large scale re-domestication is not occurring among existing captives. Of the more than 1,220 captives under management at Marsh, only 16 re-domiciled to a new jurisdiction in 2012.