During 2018, North Carolina's captive insurance program reached a milestone: its fifth anniversary since the inception of the North Carolina Captive Insurance Act. During these last 5 years, the program has seen the substantial growth of North Carolina licensed captive insurers as well as growth of captive managers and other captive services providers that are operating in our state.
As part of Captive.com’s ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, Captive.com spoke with Jeremy Colombik, president of Management Services International (MSI). MSI currently manages more than 100 businesses that are utilizing a captive insurance company structure. MSI specializes in Internal Revenue Code § 831(b) captives.