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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Dave Provost and Sandy Bigglestone share the future of Vermont captives as one retires and the other steps into the role of Deputy Commissioner

After serving for 14 years as Deputy Commissioner of Vermont’s Captive Insurance Division, during which time the division has grown from strength to strength, Dave Provost is handing the baton to longstanding colleague Sandy Bigglestone. Risk & Insurance spoke with them to reflect on Provost’s time in office and what Bigglestone plans for the future…

Christine Brown promoted to Director of Captive Insurance

Montpelier, Vt. – Assistant Director Christine Brown has been promoted to Director of Captive Insurance at the Department of Financial Regulation (DFR). Christine will be filling the role that Sandy Bigglestone holds, who will be appointed to Deputy Commissioner of the Division when David Provost retires at the end of August. “Christine Brown is the…

Why captive domicile examinations matter

There are a host of different factors that captive insurance companies need to take into account when deciding on where to be domiciled. They need to look at the regulatory environment; capitalization, taxation and fees; the local captive community; and the implications of being onshore or offshore. But what is often most overlooked is the…

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…