Last week, I had the opportunity to introduce the world of captive insurance to bright young minds at the University of South Carolina's Darla Moore School of Business. Joined by industry experts David Ward, Laura Rodrigo, and Karen Strange, we dove into the realm of captives with two risk management classes and then the Gamma Iota Sigma society.
Tennessee has established itself as a leading captive insurance domicile in the United States, offering a favorable regulatory environment and numerous advantages for businesses looking to form captive insurance companies.
Nate Reznicek was quoted in a Business Insurance article titled "Captive Surpluses Help Fund Risk Strategies". Captive insurance companies are increasingly using their surplus funds to finance a wide range of risk management projects and loss control activities. This trend sees mature captives investing in initiatives like property improvements, vehicle telematics, cyber awareness training, and AI-powered surveillance for loss mitigation.
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