Keystate Captive Management is the largest bank captive program in the country. KeyState's program was established in December 2012 and has been implemented by more than 40 banks in 13 states and seven fed districts.

Alabama banks with more than $250 million in assets will have the opportunity to form their own captive insurance company through KeyState's Bank Captive Program. The captive augments a bank's commercial policies by covering the existing commercial deductible layers, increasing coverage levels on existing policies (excess layers), and identifying other currently unfunded risks to insure where the commercial insurance is not available to the bank. The captive insurance company is implemented by Crowe Horwath, LLP, a national CPA firm, and then managed on an ongoing basis by KeyState Captive Management. If properly structured, the captive may also allow the bank to take advantage of a significant small business incentive available under a section of the tax code.

To learn more contact Josh Miller at  (702) 598-3738 or email at

KeyState Captive Management has been endorsed since 2016.