Source: NAIC / AM Best Captive Center, Business Insurance World Captive Directory, Newton Media, HKU Business School 2025, Swiss Re Sigma 2025. The global captive industry began in 1962 when Fred Reiss founded the first captive in Bermuda. ~1,000 captives by 1980, peak of 6,939 in 2015, 6,290 at end-2024. Swiss Re Sigma 2025 estimates global captive GPW at $60–80bn, ~3% of global P&C premium.
6500
Global Captives ( · 2026 · AM Best + Newton Media) (DB 681/6500) (DB covers 681/6500
US$75bn
Global Captive GPW (2026 · Swiss Re Sigma 2025
1962
World's First Captive Founded
$2.4tn
Global P&C Total Premium (Swiss Re Sigma 2025
~3%
Captive Share of Global P&C
Global Captive Insurance Distribution Map
Captive Insurance World Centers (captives · DB-verified): United States (3,700 · DOI) · Cayman (670 · CIMA) · Bermuda (615 · BDA) · Guernsey (300+ · GFSC) · Luxembourg (283 · CAA) · Jersey (80) · Anguilla (266) · Barbados (260) · Nevis (260) · Mainland China (4) · Hong Kong (9 · IA) · BVI (145) · Ireland (61 · CBI) · Malta (18 · MFSA) · Singapore (86 · MAS) · Isle of Man (95) · Malaysia (69 · BNM) · Hong Kong (9 · IA) · Gibraltar (10 · GFSC) · Liechtenstein (20 · FMA)
Active Captive Count (1962-2026 · · multi-source verified
captive (1962-2026 · US$bn · Swiss Re Sigma + Business Insurance
Key Captive Companies
| # | Company Name | Domicile | License Year |
|---|---|---|---|
| 1 | Berkshire Hathaway (National Indemnity) | USA | — |
| 2 | Shell (Pecten) | UK | — |
| 3 | BP (Britoil) | UK | — |
| 4 | TotalEnergies | France | — |