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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2021 Domicile Rankings: Vermont leads and Alabama moves up

All established risk retention group domiciles saw strong premium growth in 2021, with declines occurring only in those domiciles with a single risk retention group. Though the top of the rankings remained unchanged, both Alabama and North Carolina make significant jumps in the rankings. Vermont continues to dominate the domicile rankings with 80 risk retention…

From a knack for math to becoming a Vermont Captive Actuary, Maigh Wright shares her story

Like many lifelong Vermonters, actuary Maigh Wright grew up not knowing what captive insurance was, how important it is to her state, or that she would one day become a vital part of that industry. “I went to school for statistics, and I didn’t really want to be a teacher,” she explained. “I wasn’t sure…

Heidi Rabtoy and Sherry Dupont, The Captive Sisters

Vermont Captive is featuring a series throughout the year highlighting companies and people that service the captive insurance industry. This post features two young professional sisters who discuss their careers in the Vermont Captive industry – how they got there, what they do and what they enjoy. Heidi Rabtoy and Sherry Dupont are sisters who’ve…

Governor Phil Scott appoints Sandy Bigglestone to lead captive industry

Montpelier, Vt. – Governor Phil Scott has appointed Sandy Bigglestone to become the Deputy Commissioner of the Captive Insurance Division at the Department of Financial Regulation (DFR) at the end of the summer, ensuring a smooth transition in the role from current Deputy Commissioner David Provost, who is retiring. Bigglestone is currently the Director of Captive…

Vermont captive insurance legislation signed into law

Montpelier, Vt. – Governor Phil Scott signed new legislation into law modernizing Vermont’s captive insurance statutes and removing inconsistencies. This year’s bill, H.515, proposed several updates to Vermont’s captive insurance law, including the ability for captive insurance companies to enter into parametric risk transfer contracts, simplifying reporting requirements, improving solvency procedures for sponsored cell captives,…