For Immediate Release:
August 23, 2024

Oklahoma Insurance Department Celebrates Success of First OK Captive Day Event

OKLAHOMA CITY – The Oklahoma Insurance Department (OID) is proud to announce the successful conclusion of its first-ever OK Captive Day. The conference, held at the Embassy Suites Downtown Medical Center on Aug. 20, attracted almost 200 registered attendees from across the captive industry in Oklahoma.

The conference focused on the essential aspects of captive insurance, including the basics of captives and the advantages of domiciling in Oklahoma. The sessions featured leading captive experts from across the state and country.

“I am thrilled by the turnout and reception of our first OK Captive Day,” said Oklahoma Insurance Commissioner Glen Mulready. “Oklahoma is becoming a leader in the captive insurance industry, and this event underscored our commitment to fostering a robust environment for captive insurers.”

“OK Captive Day was a resounding success and provided a space for stakeholders to come together, exchange ideas and explore the potential captive insurance can hold for businesses,” said OID Captive Insurance Director Steve Kinion. “We look forward to continuing to build momentum in our captive sector.”

Recently, Captive Review honored OID with its Captive Domicile of the Year award in the less than $5 billion gross written premium category. In 2023, Oklahoma saw a 34% growth in captive premiums and a net gain of 14 captive insurers, bringing its total to 59.

Find out more about captive insurance in Oklahoma by visiting captive.oid.ok.gov or contacting Steve Kinion at 918-704-8136 or steve.kinion.ctr@oid.ok.gov.

For conference-related questions or assistance, please contact oid.events@oid.ok.gov. To learn about future OID events, visit oid.ok.gov/subscribe for updates or follow OID on social media.