Connecticut Introduces Captive Insurance Tool Kit for Business Owners

The Connecticut Insurance Department has launched CT Captive Solutions for Business—a new online resource for business owners exploring ways to control insurance costs and manage their risk. The tool kit includes instructions on licensing a captive insurance company in Connecticut, a list of recognized captive managers, FAQs, and Insurance Department contacts.

"Captive insurers are not just for large corporations but can play a very important role for small- and mid-size employers," Commissioner Katharine Wade said. "The Department has the regulatory expertise and consultative approach to help potential captive owners find a solution that may be appropriate for them. The bottom line is we want Connecticut businesses to succeed and grow and the right captive structure could provide just what they need to do so."