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Michigan enacted its Captive Insurance Act in 2008 (Public Act 2008-36, MCL 500.4601 et seq.). Sources: DOI, NAIC, Business Insurance, A.M. Best.
29
Active Captives
$3.8B
Total Premium
6.0%
State Tax Rate
2008
Legislation Year
Michigan Captive Insurance Companies (2014-2025 · Count
Michigan Captive Direct Written Premium (USD Millions)
Source: Michigan DIFS Press Release 2024-06-21 + Captive International 2018 + NAIC
Key Captive Companies
| # | Company Name | Domicile | License Year |
|---|---|---|---|
| 1 | CNPC Captive (Baidu) Insurance Co., Ltd. | Beijing | 2013 |
| 2 | China Railway Captive Insurance Co., Ltd. | Beijing | 2015 |
| 3 | COSCO Shipping Captive Insurance Co., Ltd. | Shanghai | 2017 |
| 4 | Guangdong Energy Captive Insurance Co., Ltd. | Guangzhou | 2017 |