Captive Insurance Group of New Jersey

The Captive Insurance Group of New Jersey is a non-profit trade association that supports the captive industry in the state of New Jersey. Captive Insurance programs are a valuable tool for many corporate entities looking for a better way to manage risk. Whether you are considering starting a captive insurance company, already have one up and running, or provide professional services to those that do, CIGNJ is an important resource for you! Our members are risk managers, captive insurance company owners and captive insurance industry service providers.
CIGNJ's mission is to support the growth of New Jersey's captive industry through educational sessions, legislative advocacy, marketing and networking opportunities. We welcome your support and continuing commitment.

New Jersey Captive Market Update

Globally 2015 was a growth year both in terms of new captive formations and new captive domiciles. Worldwide, the number of licensed captives increased to a projected total of approximately 6,500 at the end of 2015 from about 6,200 a year earlier.

On June 27, 2011 the New Jersey Department of Banking and Insurance approved its first captive insurance company, and licensed six captive insurers and one cell through December 31, 2012. There was much captive activity in 2013, 2014 and 2015 bringing the total NJ licensed captive insurers to 22 Many states are passing captive laws increasing the competition among captive domiciles; however from the start the Department has focused on NJ businesses and this continues to be an effective strategy for attracting companies to form their captives here. Recent inquiries indicate the interest in NJ as a captive domicile continues to be strong.

In 2015 New Jersey licensed its first captive insurer that is a member company in the Federal Home Loan Bank - New York ("FHLB-NY") and recently, the department granted regulatory approval for a captive formed by the Deborah Heart and Lung Center of Browns Mill, NJ.




ABC Consulting (Alliant) Beverage Group
Bressler, Amery & Ross, P.C.
Captive Planning Associates, LLC
Founders Indemnity Group, Inc.
Hanover Stone Partners
Kroll Bond Rating Agency
Marsh Captive Services
Willis Towers Watson
XL Caitlin


A.M. Best
Deborah Heart & Lung Center
Fox Rothschild, LLP
Genova Burns
McGriff, Seibels & Williams
Tradition Capital Management, LLC