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Vermont Captive news

New legislation signed to support quality captive insurance regulation

Montpelier, Vt. – On Monday, May 8th, Governor Phil Scott signed legislation into law making several updates to Vermont’s statutes. Bill H.76 proposed several updates to Vermont’s captive insurance law, such as improving the confidentiality of company information and increasing funding for the Vermont Captive Insurance Division’s operations. “Vermont continues to be the worldwide leader in…

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Two Vermonters voted as top captive insurance professionals in the world

Montpelier, Vt. – The Captive Insurance Division of the Vermont Department of Financial Regulation (DFR) Deputy Commissioner of Captive Insurance Sandy Bigglestone, and Regional Managing Director – Americas for Aon Captive & Insurance Management Nancy Gray, were voted to top spots by their peers in Captive Review’s Power 50 Awards earlier this year. According to the Captive Review, over 7,800 captive insurance professionals around the…

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Finding the next generation of captive talent

A notable highlight from March’s CICA conference was the annual essay contest, where three pairs of finalists presented to an assembled audience of captive professionals their captive solutions for one of three case studies. All produced extremely accomplished and well-thought-out solutions that proved to the many experienced heads out there that there is talent waiting…

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Joel Chansky and Kite Realty Group receive captive industry’s highest honors

Rancho Mirage, Calif. ─ March 6, 2023 ─ At its annual International Conference today the Captive Insurance Companies Association (CICA) honored Joel Chansky, consulting actuary, Milliman, Inc., with the CICA 2023 Distinguished Service Award, and Kite Realty Group the CICA 2023 Outstanding Captive Award. The CICA Distinguished Service Award is presented annually to a single…

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Rising professionals form group with VCIA to promote industry for next generation

Addressing the challenge regarding the next generation’s captive workforce, several rising captive professionals have partnered with the Vermont Captive Insurance Association (VCIA) to formalize the Vermont Captive Insurance Emerging Leaders (VCIEL), a group that will be a platform not only to recruit students to the industry, but also to cultivate the emerging talent already working…

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