News & events

This is your home to find news and information related to Vermont’s captive industry. If you have resources you would like featured, please contact brittany.nevins@vermont.gov.

Featured podcasts

Tune into our featured podcasts to hear Vermont Captive’s leading experts offer insights into a wide range of topics, from how Vermont Captive got its start in 1981 to what regulations to be aware of when extracting capital from a captive.

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Vermont Department of Financial Regulation Commissioner Appointed

Montpelier, Vt. – Governor Phil Scott named Kaj Samsom Commissioner of the Department of Financial Regulation (DFR) which includes the Captive Insurance Division. Prior to his appointment, Samsom served as chief auditor at the National Life Group. Samsom has over 14 years of experience in state government, including various positions at DFR. He also served as Tax Commissioner…

The importance of sufficient capitalization for a successful captive

As with traditional insurance, captives are keen to have enough capital to cover potential losses or claims that may arise in order to protect the business. That’s why sufficient capitalization is important for the solvency and success of any captive insurance company. But how can a captive be sure it’s remaining above board? “Minimum capital…

Captive insurance formations among top ten highest in Vermont’s history

Montpelier, Vt. – The Vermont Department of Economic Development (DED) announced today that 2024 was a year of record growth, among Vermont’s top ten highest years of growth since captive enabling legislation in 1981. Vermont licensed a total of 41 new captive insurance companies in 2024, making it now home to 683 licensed captives, consisting of 654 active…

Butler University shares knowledge and appreciation for Vermont’s captive industry during visit

Vermont is the world’s top domicile for captive insurance with 678 licensed captive insurance companies. Businesses and nonprofit organizations from all over the United States, South America, Asia and Europe set up their captives here because of Vermont’s decades-long expertise in helping entities manage and self-insure risk with the support of state government and highly-skilled…

Bigglestone appointed Acting Commissioner of Department of Financial Regulation, continues to oversee captive insurance

Montpelier, Vt. – On December 20, 2024, Governor Phil Scott announced current Deputy Commissioner of the Captive Insurance Division, Sandy Bigglestone, will become Acting Commissioner of the Department of Financial Regulation (DFR) at the start of 2025, following Commissioner Kevin Gaffney’s retirement. After this change takes effect, the Captive Insurance Division will continue to operate under…