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Vermont Captive news

Vermont prioritizes quality regulation in legislature as yearly tradition

Montpelier, Vt. – On May 20, 2024 Governor Scott signed legislation into law improving several sections of the Vermont captive insurance statute. Yearly the Vermont Captive Insurance Association (VCIA) works with the Vermont Department of Financial Regulation (DFR) to propose updates to captive insurance statutes based on industry feedback. Bill H. 659 clarifies the law in…

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Adaptation and resilience in the face of change

The key to Vermont’s success as the top captive insurance domicile in the world is stability. Twenty years ago, when Captive International was formed, Vermont’s deputy commissioner of captive insurance at the Department of Financial Regulation, Sandy Bigglestone, had already been working for the Captive Insurance Division for seven years. Vermont’s director of captive insurance,…

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Butler Blue bulldog moves kennels

Indiana-based Butler University, the proprietor of the world’s first student-run captive insurance company, has re-domesticated its Bermuda single-parent captive to be a cell captive in Vermont. Butler’s ‘Davey Captive Insurance Company’ has been officially licensed in the state. Other changes to the captive include a shift in the hands of management from Aon to Hylant…

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