Nestled within the Green Mountains of Vermont lies an industry that few even realize is there—one that is constantly adapting, that helps large and small businesses as well as nonprofits succeed and that requires curiosity, creativity and collaboration from the people who work within it. Oh, and one that offers a healthy median annual wage of $91,000. Interested?
Let's ConnectInstead of paying insurance premiums to commercial insurers, the parent company can then pay those premiums into their own captive, managing their own risks and paying their own claims. In doing so, the parent company is effectively structuring a more efficient way to finance their specific risk needs and gains better business advantages than it would with traditional one-size-fits-all commercial insurance.
Often, companies seek to form a captive because the price of commercial insurance is exorbitant and/or they can’t retain insurance because of the types of services they offer. With a captive, companies have better control over their own program, gain the ability to realize investment returns on premiums paid in, and can continue to offer a needed service to society.
Captive 101“Here in Vermont, you find people who not only fully understand what you think and want, but who also provide you with a solution. That’s the best you can get.”
—Deyna Feng Director, Captive Programs | Cummins Inc.
For over 40 years, Vermont has earned its reputation as the captive industry’s Gold Standard. We were one of the first and always strive to be the best.
#1 domicile worldwide
9x Domicile of the Year award winner
Home to the Vermont Captive Insurance Association (VCIA), the world’s largest captive insurance trade association
Sponsored by VCIA, the Vermont Captive Insurance Emerging Leaders is a collaborative focused on recruiting the next generation of captive professionals through engagement and networking
Home to the International Center for Captive Insurance Education (ICCIE), providing in-depth educational offerings and a professional designation for the captive industry
Our captive service professionals are highly supportive of each other, creating a real family-like community
Vermont’s captive industry employee turnover is very low. Once people find their place within it, they rarely want to leave!
Work with over half of the Fortune 100 and Dow 30 companies
“Working for DFR has been a remarkable experience. My knowledge has grown immensely through exposure to various types of captives and their industries. The DFR staff is incredibly knowledgeable and always willing to answer questions.”
—Peter Wernhoff Insurance Examiner II | Captives, Vermont Department of Financial Regulation
Businesses of all different types and industries come to us to solve a wide variety of problems, and because new risks evolve as our world does (think cyberattacks and climate change), we are always adapting those solutions. We are constantly interacting with high level executives and thought leaders, running and managing what are essentially, customized insurance companies within larger businesses. This is challenging, but also eye-opening and interesting, giving us an opportunity to learn everyday.
Captives are supported by service providers and need to have both technical and non-technical support. These various positions fit different personality types and meet varying intellectual interests. Such careers in the captive industry are:
“With the growth and evolution of the captive insurance marketplace, as a leader, Vermont has experienced a full spectrum of ways in which organizations across every industry sector manage their risks.”
—Sandy Bigglestone Deputy Commissioner | Captive Insurance Division
In addition to the great opportunities, benefits and salaries offered in the captive industry, we recognize the importance of work-life balance and stability. Many people in the industry have been involved for decades and have no plans to leave! And, Vermont has an endless variety of recreational opportunities. Whether you’re a skier, a mountain biker or a casual stroller, we have the sites and scenery to satisfy all your needs. Check out what else Vermont has to offer:
Check out the resources below to dive deeper into what your career in the captive industry could look like and discover the impact captives have on the world around us.
Vermont’s captive industry: The best career path you’ve probably never heard of
the world's first student-run captive—now domiciled in Vermont!
discover more about various careers within the captive industry
Interested in learning more about a career in Vermont’s captive industry? Reach out via the form below, we’d love to hear from you and help answer any questions you may have.
“What I find engaging is the variety of work I get to do on a day-to-day basis...I enjoy getting to work with risk management departments for large corporations and smaller companies across so many different industries.”
—Maigh Wright Actuarial Consultant & Vice President | Marsh Captive Solutions | Actuary
