New York captive domicile overview
2025-10-31
Legislated 2007 (Insurance Law Art. 70); large per-entity premiums but few licences and strict supervision.
| Active captives | 37 captives (2024, NAIC) |
| Premium volume | Total captive premium approx. US$1.169 billion, incl. direct US$723 million (2024, NAIC) |
| Minimum capital | US$250,000 (pure captive) |
| Tax treatment | Graduated tax on direct and assumed reinsurance premiums under Tax Law Art. 33 §1502-b; annual minimum US$5,000 |
| Regulator | New York State Department of Financial Services (NYSDFS) |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.