David Black Director, South Carolina Department of Insurance


A pro-business outlook, an experienced regulatory bench and a top four domicile by captive numbers, South Carolina has all the welcome you would expect from the South, and that little bit more.


US Captive spoke with David Black, director of the South Carolina


Department of Insurance, about the strength of the state’s offering and asked him what it is that has made South Carolina one of the country’s leading captive domiciles.


What sets South Carolina apart from the competition? What are the key attractions of the domicile?


Firstly, it is the expertise that we have developed over the years,


handling a wide range of captive concerns. Secondly, we enjoy the strong support of the Governor—who has shown that she is very supportive of responsible efforts to aggressively grow this sector of the market. Thirdly, we have shown over the years a focus on helping owners and managers to successfully manage their solvency risk in a cost effective way.


South Carolina is a very pro-business environment, with a strong


economic base located in a growing region of the States, and along with its outstanding natural beauty, there is much to attract captive owners to the state.


South Carolina – the Palmetto State A captive domicile since 2000


Now boasts 160 captive entities in the state 215 captives licensed since 2000 Nine new captive formed in the last year The fourth largest US captive domicile by captive numbers


Industries serviced – Finance, insurance and real estate among others


Regulatory director – David Black


US Captive . April 2011 39


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