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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Q&A: Creating a captive in Vermont

Captive Review (CR): What function does your captive perform for the parent company? Michael Baker (MB): Currently, we have only our casualty programme in the captive to cover the deductibles. This is to help with any large claims for our start up and smaller businesses. CR: Why did you think setting up a captive could…

Vermont is building the next generation of captive insurance leaders. Here’s how

Maeghan Thurston didn’t expect to end up working with captive insurance companies. In college, she studied marketing. She imagined working in New York City, going to meetings with big ad execs, living in an apartment and taking the subway to work. For a lot of people, that’s the dream. But for Thurston, a true-blue Vermonter,…

Why Vermont captives are a natural fit for weathering property insurance storms

It’s been an interesting few years for the property insurance market, to put it mildly. Inflation, climate change, the transition to sustainable energy and shrinking capacity in reinsurance markets have all contributed to rising premiums; McKinsey puts the increase at between 6 and 8% for each year since 2018 across all global P&C lines, and most…

Vermont prioritizes quality regulation in legislature as yearly tradition

Montpelier, Vt. – On May 20, 2024 Governor Scott signed legislation into law improving several sections of the Vermont captive insurance statute. Yearly the Vermont Captive Insurance Association (VCIA) works with the Vermont Department of Financial Regulation (DFR) to propose updates to captive insurance statutes based on industry feedback. Bill H. 659 clarifies the law in…

Adaptation and resilience in the face of change

The key to Vermont’s success as the top captive insurance domicile in the world is stability. Twenty years ago, when Captive International was formed, Vermont’s deputy commissioner of captive insurance at the Department of Financial Regulation, Sandy Bigglestone, had already been working for the Captive Insurance Division for seven years. Vermont’s director of captive insurance,…

Vermont Captive Insurance