Connecticut recorded its fourth consecutive year of sustained net growth for captive insurance formations in 2023!
The Connecticut Department of Insurance (CID) reported the following growth for the year:
- 10 new captives and 13 new cell captives were approved
- The state's captive insurance program grew by 37%
CTCIA extends a huge thank you to all who contributed to this growth, including our partners at CID, Connecticut Insurance and Financial Services (CT IFS), National Network of Accountants (NNA), MetroHartford Alliance and AdvanceCT. We look forward to another successful year in 2024!
