Hawaii Governor Benjamin Cayetan approved the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and insures risks situated in Japan. Licensed on March 30, 2001, Heiwa Insurance Inc. is owned by Heiwa Corporation of Japan, a publicly traded entity. To date, Hawaii has licensed 96 captive insurance companies, which by the end of 2000 had nearly $1.6 billion in total assets, authored $264 million in premiums, and maintained $275 million in investments through local Hawaiian financial institutions.
Was this article valuable?
Here are more articles you may enjoy.
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Pipeline Explodes at Delfin LNG Planned Project in Louisiana 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets From This Issue
