San Juan · Puerto Rico

Captive Insurance in Puerto Rico

Form and manage a captive insurer in Puerto Rico's International Insurance Center, a U.S.-aligned, capital-efficient jurisdiction. IICG guides you from licensing through day-to-day operations.

A captive insurance company is an insurer formed to underwrite its owner's or affiliated group's risks instead of buying all coverage from the commercial market, which can improve risk financing, stabilize costs, access reinsurance directly, and keep underwriting profit within the group. Puerto Rico has become a leading captive domicile through its International Insurance Center, a modern, U.S.-aligned framework with attractive treatment for qualified insurers.

How a Puerto Rico captive works
Owner group Your company or affiliated businesses
Licensed in PR · Managed by IICG Your captive insurer Underwrites the group's own risks
Reinsurance market Direct access, without retail markup

Underwriting profit and investment income stay within the group, instead of leaving as premium paid to the commercial market.

Why form a captive in Puerto Rico

How IICG helps

IICG is an independently owned consulting and management firm based in San Juan. We handle the full lifecycle of a Puerto Rico captive:

Frequently asked questions

What is a captive insurance company in Puerto Rico?

An insurer formed to underwrite the risks of its owner or affiliated group, licensed through Puerto Rico's International Insurance Center as a stand-alone insurer or a protected cell.

How long does it take to form a captive?

Protected cells can be turn-key; stand-alone insurers need a full certificate of authority application. IICG manages the entire process.

Does IICG manage the captive afterward?

Yes. We handle bookkeeping, policy issuance, AML/KYC compliance, principal representation, and resident office operations.

Considering a captive in Puerto Rico?

Talk to IICG

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