Getting to the other major competitors, Vermont and Bermuda require multiple plane trips and a greater time commitment. Nissan already had a business operation in Hawaii which its highly values. Since Nissan was already committed to Hawaii as a business area, placing its captive insurance company here was a logical choice. Paul Pinckney, an alternative risk financing expert from Tillinghast Corporation, and consultant to the State of Hawaii Insurance Division, sees a bright future for Hawaii's captives. First, Hawaii is an established domicile with an infrastructure proven to compete effectively with Vermont and against the wannabe newcomer domiciles such as South Dakota and Nevada, as well as special purpose domiciles such as Georgia and New York.
Captive insurance is one of the few subjects of good economic news in the State of Hawaii.