Pages Navigation Menu

Hawaii Named as 2019 Non-Asian Captive Domicile Awards Finalist

Hawaii Named as 2019 Non-Asian Captive Domicile Awards Finalist

The State of Hawaii is a finalist for 2019 non-Asian domicile of the year at Captive Review’s 2nd annual Asia Awards.  This event recognizes providers of captive insurance products and services who have outperformed their competitors and demonstrated the highest levels of excellence over the past 12 months.

Hawaii has been serving captive insurance clients from all over the world since 1987.  For more than 15 years, Hawaii has hosted (and continues to host) annual educational seminars, conferences and meetings all across Japan to better educate and support Japanese companies that are interested in forming captives.  Currently, Hawaii has 32 actively licensed, Japanese-owned captives.  This represents more than 14% of Hawaii’s total portfolio of actively-licensed captives and clearly demonstrates that Hawaii is the premier domicile for Japanese captives.

The growth in Japanese-owned captives in Hawaii has resulted in the development and expansion of a robust and highly-skilled bilingual workforce that supports them.  Nearly 75% of Hawaii’s local captive management firms have bilingual capability.  In addition, there are highly-experienced local attorneys, consultants and CPA’s who provide bilingual support to Japanese-owned captives in Hawaii.  Further, Hawaii has developed a deep network of relationships with tax advisors, fronting companies and other consultants in Japan.

In 2018, Hawaii captives wrote over $10 billion in premium. For fiscal year 2017, Hawaii captives had over $5 billion in capital and surplus and nearly $27 billion in total assets. Hawaii was recognized in 2018 as Captive Insurance Domicile of the Year (200+ Captives Category) by US Captive Review Awards.