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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Jack Fannon: Homegrown talent in Vermont’s captive insurance industry

John Fannon, who goes by Jack, is an Account Administrator at Advantage Insurance in Burlington, Vermont, a captive management firm specializing in custom insurance solutions. Jack is responsible for client-facing work, account management, and compliance which expands upon his degree in Economics with a minor in math from the University of Vermont. As a recent…

LAUSD: A success story in public entity captive formation

The decision to form a captive can feel daunting—for one, it requires a new set of insurance and risk management understanding. But the payoff, the ability to better manage risk while reducing costs, can be more than worth the effort. Public entities are a special kind of institution in that they are governed, primarily, by…

Vermont amends captive insurance statutes in annual bill

Montpelier, Vt. – On May 19, 2025, Governor Scott signed into law the Department of Financial Regulation’s (DFR) 2025 housekeeping bill H.137, an act relating to the regulation of insurance products and services. The new law includes important updates identified by the DFR’s captive insurance division, with stakeholder input, particularly from the Vermont Captive Insurance…

Vermont Department of Financial Regulation commissioner appointed

Montpelier, Vt. – Governor Phil Scott named Kaj Samsom Commissioner of the Department of Financial Regulation (DFR) which includes the Captive Insurance Division. Prior to his appointment, Samsom served as chief auditor at the National Life Group. Samsom has over 14 years of experience in state government, including various positions at DFR. He also served as Tax Commissioner…

The importance of sufficient capitalization for a successful captive

As with traditional insurance, captives are keen to have enough capital to cover potential losses or claims that may arise in order to protect the business. That’s why sufficient capitalization is important for the solvency and success of any captive insurance company. But how can a captive be sure it’s remaining above board? “Minimum capital…

Vermont Captive Insurance