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Press Releases

Release Date Press Release
October 16, 2007

River Place II, LLC, Forms Captive Insurer in New York

February 6, 2007

Dinallo Announces Dow Jones Forms Captive Insurer In New York

December 30, 2003

Department Licenses State's First Group Captive for Fourteen of New York's Major Financial Institutions

August 29, 2003

Serio Names David Ahl as the Newest Member of the Department's Captive Group

October 21, 2003

Department Announces Licensing Of Captive Insurance Company For Omnicom Group Inc.

August 28, 2003

Department Announces Licensing of Captive Insurance Company for Viacom Inc.


March 21, 2003

Governor Pataki, Mayor Bloomberg Unveil New Captive Insurance Legislation to Help NYC, State's Business Community

Bill Allows for Sponsored Captives for New York's Businesses and the Creation of NYC Captive for WTC Response Providing Important Coverages

January 23, 2003

Department Announces Licensing of Town Sports Captive
1997 Captive Law Encourages Corporations to Form Self-Insurance Entities

January 16, 2003

Department Rolls Out New Captive Promotion Initiative
New Group Formed and Web site Launched to Fast-track Captive Formation; Businesses to Gain More Personal Customer Service and Flexible Insurance Options

June 18, 2002

Department Announces Licensing Of Moody's Corp. Captive

March 20, 2002

New Legislation Facilitate Formation of Insurance Captives, Promotes Economic Development and New Businesses

February 5, 1998

Superintendent Levin Announces Licensing of MTA Subsidiary as First Captive Insurance Company in New York State

August 14, 1997

Governor Pataki Signs Captive Legislation Promoting Economic Development and New Businesses to the State

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