North Carolina captives News

North Carolina Plans Changes to Captive Program

The first full year of North Carolina’s captive insurance program has “exceeded expectations,” according to a statement from North Carolina Insurance Commissioner Wayne Goodwin. While he’s pleased with the progress, Goodwin nevertheless plans to recommend changes to the law in …

North Carolina Touts Strong First Year with Captives

 In less than a year since its captive-enabling legislation went into effect, North Carolina says it is making progress towards its goal of becoming a leading captive domicile. To date, the North Carolina Department of Insurance said it has licensed …

North Carolina Looks to Grow Captive Insurance with Amended Law

North Carolina Insurance Commissioner Wayne Goodwin said North Carolina is now an even more attractive home for captive insurance companies with the enactment of a law allowing new captive types and providing some regulatory flexibility. Changes to the N.C. Captive …

Walker Named North Carolina Captive Insurance Director

North Carolina Insurance Commissioner Wayne Goodwin has named Debbie Walker as director of captive insurance for the state. As head of the insurance department’s new captive insurance section, Walker will be responsible for analyzing captive insurance license applications and overseeing …

North Carolina Licenses Four Captives

North Carolina Insurance Commissioner Wayne Goodwin said his agency has issued four captive insurance company licenses since the state’s Captive Insurance Act went into effect in late October 2013. The new North Carolina-domiciled captive insurance companies are: West & Joyce …