Small Business Reading Room


Friday, February 01, 2013

Insurance Business in Delaware- Captives Are On The Rise

In fact, it's big business!

This year’s growth may catapult Delaware over Hawaii into being the third largest U.S. captive domicile in terms of active captives behind Utah and Vermont. The forecasted premium tax revenue for 2012 is $1.5 million compared to the 2011 premium tax amount which was $1,232,823. The forecasted tax revenue increase from 2011 to 2012 is 21.6%.
  • The 2012 additions are 59 captives, 1 cell, and 179 series units. The total number of licenses issued for risk bearing entities will be 212 captive companies, 12 protected cells, and 364 series business units. The total number of captive licenses issued will be 588. Not all of the licenses issued since the adoption of the captive law in 1984 remain active and over the course of time, Delaware has seen 22 captive companies dissolve or re-domesticate, one cell dissolve, and 6 series dissolve.
  • Active license numbers are 190 active companies, 11 protected cells, and 358 series business units. The total active captive entity count is 559.
  • In 2011 the Bureau added 58 captives, 3 protected cells, and 152 series. The total number of licensed risk bearing entities was 153 captive companies, 11 protected cells, and 185 series business units. The entity total for licenses issued was 349.
  • Even though the captive bureau added the $1,800 series unit application fee, and imposed more stringent regulatory standards in 2012, it was the best year ever for captive growth. The total entity growth rate from 2011 to 2012 is 68%.
  • The total captive company growth rate is 38.5%.
Want more information on Captive Insurance? You can contact the Bureau of Captive & Financial Insurance Products at (302) 577-5280 or visit: www.delawareinsurance.gov.


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Tuesday, January 29, 2013

Global Trade Leads - January 2013

Are you interested in business opportunities available with foreign businesses? Do you want to find companies who are seeking materials as well as related services?

This is your chance to gain international exposure for your business! Source goods, acquire new trading partners and network with other companies around the world.

The World Trade Center Delaware publishes a list of leads that can be a great resource for international businesses.

The new leads for this month include:



PRECIOUS STONE LEADS






  • Colombian Emeralds – Precious Stones













Check out the current and past  International Trade Leads Bulletin (PDF)


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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

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