Tennessee Captives 2020: Domicile Facts, Figures and Milestones

Tennessee experienced exceptional captive insurance growth in 2020. Continued growth in the captive industry remains a priority for TCIA who are working in partnership with Governor Lee and Commissioner Lawrence and the TDCI team to ensure a bright future for our domicile. Tennessee has emerged as a first choice for captives worldwide and the state has become known for its deep bench of knowledgeable and responsive professionals who serve the industry.

2020 Tennessee Captive Dashboard

  • 720 Risk Bearing Entities: 212 Captives, 508 Cells
  • 64% increase from 2019: 18 newly licensed captives, 41 new cells

2020 Domicile and Captive Market Changes

  • Increased interest in captives for property & liability coverages
  • Increased interest from Tennessee owners looking to re-domesticate offshore captives and move their captives “home”
  • COVID19 Pandemic Impact

    • Pre-pandemic, TDCI had already transitioned to being fully electronic resulting in a seamless transition and no customer service impacts
    • Electronic document notary and virtual annual meetings were approved in response to remote work environments
    • Heightened “risk awareness” across many industries
    • Additional coverages added to operational captive programs to address gaps

    2021 Tennessee Captive Outlook

    • New captives and cells already formed or underway
    • Continued growth due to the challenges of increasing traditional market rates, gaps in commercial coverage and businesses looking for more efficient means to finance risk
    • Net captive growth expected to continue with similar trend to 2020
4636 Lebanon Pike | Box 207 | Nashville, TN 37076-1316
toll free 888-668-3188 | fax 888-651-1788 | jmiller@tncaptives.org
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