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Vermont Captive news

Vermont’s captive insurance industry releases 2020 licensing figures

The Vermont Department of Economic Development announced today that the State of Vermont licensed 38 new captive insurance companies in 2020, Vermont is now home to 589 licensed captives, consisting of 564 active and 25 dormant captive insurance companies. “It is great news that Vermont has remained a consistent leader in the captive industry during…

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Nevins looks to continue Vermont’s status as the ‘Gold Standard’

The Vermont Department of Economic Development announced that Brittany Nevins had been hired as the Captive Insurance Economic Development Director for the State of Vermont in September 2020. In her position, Nevins will direct the marketing and business development efforts of the Vermont captive insurance industry. Nevins replaces Ian Davis, who left his position earlier…

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A time of transition and reflection

What a year we’ve been through. With so many strong declarations—and cynical jokes—about the scourge of 2020, it’s no wonder people have wanted it to end. But, despite the dark clouds that have been what seems a permanent condition throughout the year, there have been some bright spots, albeit too few. As we transition to…

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Vermont wins captive insurance domicile of the year award

Montpelier, Vt. – Governor Phil Scott today announced that the State of Vermont was named the International Domicile of the Year by the European Captive Review. The award is given to the top captive insurance domicile in the world outside of the European Union that has outperformed competitors and demonstrated excellence in servicing the European…

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