Addressing the challenge regarding the next generation’s captive workforce, several rising captive professionals have partnered with the Vermont Captive Insurance Association (VCIA) to formalize the Vermont Captive Insurance Emerging Leaders (VCIEL), a group that will be a platform not only to recruit students to the industry, but also to cultivate the emerging talent already working in captives.
VCIEL holds regular meetings and welcomes more captive professionals to bolster its group. It will provide student outreach and networking opportunities, as well as build out a roster of talented speakers to infuse the captive conference circuit with fresh energy. A launch party occurs on April 12th from 5:30-7:30pm at Pizza44 in Burlington, and the broader captive community is invited to support this initiative.
“VCIA is proud to work with the VCIEL to take strategic actions that yield positive results for the industry. We take this workforce challenge seriously and the group is a deliberate way to seek effective solutions,” said VCIA President Kevin Mead.
Ian Davis, Senior Vice President of Captive Insurance at M&T Bank and a member of VCIEL, reflected: “Vermont is home to one of the largest networks of experienced and knowledgeable captive insurance professionals in the world. VCIEL represents one way to leverage the expertise that exists to promote the state, highlight captive insurance career opportunities, and support future leaders.”
Brittany Nevins, a major catalyst for the group and the Captive Insurance Economic Development Director for the State of Vermont, added: “We are at a critical time in our industry where there’s rapid growth captive formations, while those who are providing services to these companies are retiring faster than those entering the industry. We will address this challenge proactively in Vermont with VCIEL.”
More information about VCIEL can be found at vcia.com.
Formed in 2023 under the auspices of VCIA, The Vermont Captive Insurance Emerging Leaders aim to preserve and advance Vermont’s status as the Gold Standard captive insurance domicile through developing a new and diverse talent base who contribute to the excellence of Vermont’s captive community and add value to the entire industry worldwide.