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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Competitors or peers, captive domicile leaders agree: Let’s meet in Vermont

Kevin Gaffney, Commissioner of the Vermont Department of Financial Regulation, sheds light on the enduring growth of Vermont’s thriving captive insurance industry. Sandy Bigglestone, Vermont’s Deputy Commissioner of Captive Insurance, speaks to Vermont’s esteemed position as the Gold Standard of captive insurance and delves into the reasons behind the notable increase in the…

Behind the scenes of Vermont’s captive insurance division

How long have you been with the Vermont Department of Financial Regulation (DFR)’s captive insurance division and what is your current role as deputy commissioner? Sandy Bigglestone: I have been with the division for 26 years. My current role, as deputy commissioner, involves overseeing a staff of approximately 30 people. Together, we licence and…

Vermont now number one captive insurance domicile worldwide

Montpelier, Vt. – Two captive insurance media publications are now naming Vermont the top captive insurance domicile in the world. In their “Q1 Captive Formation Round-Up” article[1] published June 13th, Captive Review, used the most recent data to confirm Vermont’s #1 status. Another captive media publication, Captive Intelligence, confirmed that data in their captive insurance data platform,[2] which…

How the Vermont Captive Insurance Emerging Leaders program is attracting new talent to the industry

Like much of the insurance industry, the captive segment is struggling to recruit and retain new talent. Industry retirements coupled with younger generations’ limited knowledge of career opportunities in insurance at large could create a potential shortage of 400,000 workers, per data from the U.S. Bureau of Labor Statistics. In the captive segment, this talent gap has been exacerbated…

Q1 captive formation round-up

Captive formations in the first three months of this year have presented an interesting picture on the continued trend of where captive owners are choosing to set up their captives. Based on data for 2022, Captive Review understands that Vermont has overtaken Bermuda as the world’s largest captive domicile, and the Q1 data suggests the…

Vermont Captive Insurance