Steve Kinion, Director
Bureau of Captive &
Financial Insurance
Products
704 King St. Suite 602
Wilmington, DE 19801
302-577-1211 (phone)
302-577-1212 (fax)
Expanding Opportunities
In The Global State
Captive insurance companies, which are owned by the entities that they insure, are usually formed by businesses that wish to better manage the cost and administration of their insurance coverage.
In 2005, the Delaware General Assembly passed House Bill 218, modernizing Delaware law regarding the formation of captives and positioning Delaware to become a home to the growing number of captive insurance companies being created by companies worldwide.