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Vermont Captive news

David Provost receives Distinguished Captive Insurance Service Award

Montpelier, Vt. – Earlier this month at the Captive Insurance Companies Association (CICA) international conference in Tucson, Arizona, Deputy Commissioner David Provost of Captive Insurance, Department of Financial Regulation, received the prestigious Distinguished Service Award, which is presented annually to a single individual or entity that has made a significant contribution to the captive insurance…

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Captive Spotlight Series: You can have your cake and eat it too

Ever fantasized about living in a beautiful, bucolic setting but quickly did a reality check because you thought you’d have to make too many sacrifices concerning your career – less opportunity, little room for growth, lower salaries, less interesting work? Well, that’s not the case with a career in the Vermont Captive Insurance industry.  In…

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2021 was a busy year for Vermont’s captive industry. What will 2022 bring?

It’s been a busy year for Vermont’s captive insurance industry. The state celebrated 40 years since its legislature passed the Special Insurer Act of 1981, which allowed businesses to form captives. Vermont is now the largest onshore captive domicile and the third largest in the world, with almost 600 active captives, $25.4 billion in gross…

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Vermont’s captive insurance industry releases 2021 licensing figures

Montpelier, Vt. – Forty-five new captive insurance companies were licensed this year in Vermont, making 2021 Vermont’s 4th highest year of growth in its 40-year history. Vermont is now home to 620 licensed captives, consisting of 589 active and 31 dormant captives. “Vermont continues to be a global leader in the captive industry and has…

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