Delaware’s Captive Insurance Program Graduates Its Inaugural Class

Delaware’s captive insurance risk management certificate program is graduating its first class of 25 participants today.

This new program was jointly created by Delaware’s insurance department and University of Delaware.

Classes were designed to help educate financial and insurance service professionals who are considering offering captive insurance options to their corporate clients.

The 14-session program provided practical-up-to-the-minute information on the foundation of captive insurance; the nuts and bolts of captive operations; capital planning, accounting and regulation; and captive applications for corporate enterprise. Each topic in the 14 session certificate program was taught by certified professionals who are nationally recognized experts in the captive insurance industry. The program’s curriculum can be found on University of Delaware’s website.

“Delaware’s sophisticated corporate laws, judiciary and financial infrastructure make it the preeminent jurisdiction for business,” Delaware Insurance Commissioner Karen Weldin Stewart said.

Commissioner Stewart said recent legislation over the last few years has created a more modernized Delaware law regarding the formation of captive insurance companies. “Delaware is now poised to become the home to the growing number of such companies being created by organizations worldwide,” she said.