News & events - Page 29 of 30 - Vermont Captive Insurance

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Vermont Captive news

2016 provides a strong year of growth for Vermont’s captive insurance industry

Vermont licensed 26 new captive insurance companies in 2016, according to data released by the Vermont Department of Financial Regulation. The new captives were made up of 15 pure captives, 5 Risk Retention Groups (RRGs), 3 special purpose financial insurers, 1 sponsored captive, 1 industrial insured captive, and 1 association captive. There were 8 companies in the healthcare sector to form new captives in 2016. Two captives were redomesticated from the Cayman Islands and one from Washington, D.C.

“It’s great to see another strong year of growth for captive insurance in Vermont,” said Vermont Governor Phil Scott.

Vermont’s Captive Insurance officials voted into Captive Review’s “Power 50” ranking and inducted into “Hall of Fame”

Dave Provost, Dan Towle and Sandy Bigglestone have all been recognized by Captive Review Magazine, a leading London-based publication for the captive insurance industry for their influence in the global captive insurance industry. The magazine has published, for the first time, an industry-wide Hall of Fame recognizing the most influential individuals the captive insurance industry has produced, or been served by, over the past 50 years. Vermont’s own Dave Provost has been selected as one of 13 inductees chosen for this prestigious honor. Sandy Bigglestone makes the “Power 50” list for the first time and Dan Towle moves up in the ranking, voted on by more than 4,800 industry professionals.

Vermont wins captive insurance ‘Non-European Captive Domicile of the Year’

The State of Vermont has won the top award at the first European Captive Services Award Ceremony in the category of ‘Non-European Union Captive Domicile of the Year’. The award ceremony was held the night prior to the start of the European Captive Forum and organized by Captive Review Magazine, a trade journal headquartered in London. The award is given to the top captive insurance domicile in the world outside the European Union that has “outperformed their competitors and demonstrated the highest levels of excellence in the captive insurance industry,” in servicing the European marketplace.

Vermont wins top U.S. domicile for captive insurance for fourth year.

Montpelier, VT – The State of Vermont has again been awarded the top U.S. Domicile for “Vermont’s inability to stand still and its continued desire to lead the captive industry.” This is the fourth year that the State of Vermont has been honored with this award, which was presented by Captive Review Magazine during the…

Vermont: Leading the captive insurance industry today and into the future

Given Vermont’s position in today’s global captive insurance market—the largest U.S. domicile, the third largest worldwide with a widely recognized position as a global industry leader—it might be hard to believe that it all began at a kitchen table 35 years ago.