In 2015, the Texas Department of Insurance newly approved 10 captive insurers, bringing the total number of captives to 21. During the year, one captive exited the market, a net increase of 9 captive insurers

    Texas, US,2013 first enacted legislation approving the formation of captive insurers, and in June 2015 amended it, adding provisions on reinsurance pools, credit for reinsurance and shareholder dividends.

        2014 saw Texas approve the first batch of 12 captive insurers to commence operations, including telecoms giant AT&T's Gateway Rivers Insurance Company.