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.

Listen Now

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,…

Captive insurance deputy commissioner David Provost to retire

Montpelier, Vt. – Deputy Commissioner of the Captive Insurance Division at the Department of Financial Regulation (DFR), David Provost, has announced his plan to retire at the end of the summer to ensure a smooth transition within the Department to new leadership. “We wish Dave all the best in his future and we thank him…

It’s All About the Team. How Vermont’s Captive Insurance Examiners Enable Alternate Risk Transfer.

There may be no clearer indication of how well-kept the secret of captive insurance opportunities is than the case of Peter Wernhoff. He grew up in Vermont and attended the University of Vermont, but it wasn’t until he entered the working world, girded with an accounting degree, that he found out about captives. Now, in…

That’s Right; Nonprofits Thrive in Captives. How These Businesses Found a Home in Vermont

Picture this: It’s the 1980s. Public housing authorities are having a difficult time securing coverage from insurance carriers. This is due to authorities being unable to afford adequate coverage or insurance carriers being unwilling to even sell coverage in the first place. “In essence, the insurance industry served an eviction notice on the public housing…

Vermont Captive Insurance