A new programme jointly created by Delaware’s insurance department and the University of Delaware has graduated its first class of 25 participants.
The classes were designed to help educate financial and insurance service professionals who are considering offering captive insurance options to their corporate clients.
“Delaware’s sophisticated corporate laws, judiciary and financial infrastructure make it the pre-eminent jurisdiction for business,” Delaware Insurance Commissioner Karen Weldin Stewart said.
Stewart added that recent legislation over the last few years has created a more modernized Delaware law regarding the formation of captive insurance companies. “Delaware is now poised to become the home to the growing number of such companies being created by organizations worldwide”.
