Artex’s new Vermont PCC formed to meet evolving client demand

Artex’s Barry White told Captive Review clients were becoming “much more specific”...
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AM Best affirms ratings of Kroger’s two Vermont captives

The single-parent captives provide tailored P&C insurance for the food retail giant...
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New Vermont captive numbers begin to outstrip cell formations

After years of cell growth matching captive growth, this year has seen...
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Artex launches its first Vermont PCC

Having become largest domicile in the world Vermont takes a larger role...
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Vermont licences 29 captives in H1

Vermont’s Department of Financial Regulation says it is “still seeing great quality...
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Waste Management captive outlook revised to positive

AM Best states revision recognises NGIC’s favourable operating results over the past...
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Vermont signs into law new captive legislation

A number of changes introduced affecting captive conversions, parametric contracts and agency-type...
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Q&A: Creating a captive in Vermont

Graham Holdings’ Michael Baker, the Vermont Department of Financial Regulation’s Jim DeVoe-Talluto...
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Pfizer captive gets ratings affirmed

Vermont-based Blue Whale has opted to participate in small slices of its...
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Vermont extending lead as world’s largest domicile

Captive formation figures for 2023 and the start of this year reveal...
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Vermont licences 15 new captives in Q1 2024

Takes to total number of captives domiciled in Vermont up to 669...
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Q&A: Trends in Vermont’s captive market

Jim DeVoe-Talluto, assistant director for the captive insurance division at the Vermont...
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ConocoPhillips captives receive ratings

Vermont-based Sooner has ratings affirmed, while Texas-based Rodeo, 100% reinsured by Sooner,...
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JP Morgan captive gets ratings affirmed

Vermont-based captive Park provides global property coverages, including terrorism, cyber and banker’s...
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Vermont reveals details of new 2023 captive formations

Vermont’s Department of Economic Development reveals there were 659 Vermont captives at...
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Vermont approves 38 new captives in 2023

Leading captive domicile also approved another nine new formations on 1 January...
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Hassett elected to another year as VCIA board chair

The board also voted on three other positions at their quarterly meeting...
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Vermont’s rise to number one global domicile

Sandy Bigglestone, deputy commissioner of the captive insurance division, and Christine Brown,...
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edHEALTH converts to cell within new sponsored captive

As a cell of newly-formed edRISK, member owners will have the option...
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Vermont tracking Vesttoo captive exposure and reviewing fronting regulation

State has sent notice to captive managers and service providers requesting information...
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Captive service companies among those hit by MOVEit cyber attack

Vermont DFR releases a list of 43 companies affected by the attack,...
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Property a key driver of Vermont captive growth in 2023

Pure captives and monoline cells have been formed this year in response...
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Delight in Vermont at hitting top spot in captive rankings

The captive domicile had the most captives at year-end 2022 with 639,...
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Vermont registers 22 new captives in H1

Aon leads the way managing five of the new captives, followed by...
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Vermont updates captive legislation

Bill H.76 has been signed into law making several updates to Vermont’s...
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AM Best affirms Apogee captive ratings

Vermont captive writes "very specific lines" for the US architectural design company,...
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Vermont hires new captive insurance examiner

New member of Vermont’s regulatory team previously spent more than seven years...
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VCIA spent $63k monitoring captive legislation in 2022

VCIA the only captive association doing year-round captive federal and state legislative...
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Pfizer captive has ratings affirmed

Vermont-based Blue Whale Re has been taking slices of its CAT tower...
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Vermont approves 12 new captives in Q1

Of the 12 new captives, three of them are managed by Aon...
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Finding the next generation of captive talent

Captive Review speaks to three promising 20-somethings at different stages of their...
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Welcome to captiveland

Kristen Peed, CBIZ director of corporate risk management, and Sandy Bigglestone, Vermont...
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Vermont endorses KeyState’s bank captive programme

One of four state banking associations to have endorsed the captive programme,...
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JPMorgan Chase captive outperforms commercial composite by ‘wide margin’

Vermont captive provides coverages including terrorism, cyber and bankers blanket bond  ...
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Vermont looks to Mexico for captive growth

A delegation from The State of Vermont and VCIA will lead a...
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Interview: Christine Brown, Vermont director of captive insurance

Vermont’s stability through change: Christine Brown has been with Vermont’s captive division...
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Captive Review February 2023 digital edition now online!

The February 2023 edition of Captive Review is now available for you...
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Has the number 1 captive domicile crown been stolen?

Bermuda’s title of world’s largest domicile by captive numbers (excluding cells) may...
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Vermont licensed 41 new captives in 2022

Leading US domicile reveals where growth came from after hitting 639 captives...
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Phillips 66 captives post ‘generally favourable’ loss experience

AM Best praises Phillips 66 for its strong loss control programme.  ...
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Tracy Hassett succeeds Baillie as VCIA chair

Vice president also announced as WTW’s Jason Palmer.   Tracy Hassett has...
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Vermont appoints new assistant director of captive insurance

Appoints Jim DeVoe-Talluto from within to fill Christine Brown’s former role.  ...
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Cowbell bolsters leadership with two hires

AI cyber underwriting start-up and captive owner Cowbell brings Matthew Jones and...
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Vermont’s David Provost to retire

One of the most respected figures in the captive insurance industry, David...
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Vermont has one of highest-ever years of captive growth

Vermont licenced 45 new captive insurance companies in 2021, making it the...
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EXCLUSIVE: VCIA president Rich Smith announces resignation

Vermont Captive Insurance Association (VCIA) president Rich Smith has announced his resignation....
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VCIA announce board additions

The Vermont Captive Insurance Association has announced the addition of two new...
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The redomestication factor

We explore the factors behind the uptick in re-domestications of US-parents’ captives...
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Captive Review announces in-person events for 2021

Captive Review is excited to announce its in-person events schedule for the...
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Vermont updates finesse captive legislation

This week Vermont governor Phil Scott signed new captive legislation into law....
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Meet the Power 50 Top 10

The Captive Review Power 50 has been announced, with the best of the...
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World Domicile Update reveals surge in captive insurance cell formations

An annual report by Captive Review has revealed that global captive numbers...
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Vermont licences 38 new captives in 2020

Vermont has had another big year, licencing 38 new captives in 2020....
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Vermont Insurance Commissioner alleges fraud by RRG

The Vermont Department of Financial Regulation (VDFR) has filed a federal lawsuit...
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VCIA 2021 conference to be 100% virtual

The Vermont Captive Insurance Association (VCIA) has announced their 2021 conference will...
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Vermont names Ian Davis replacement

The Vermont Department of Economic Development (DED) has named Brittany Nevins as...
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“Long way to go” for diversity in captives

Diversity was a theme at the Vermont Captive Insurance Association (VCIA) virtual...
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Rate hikes to continue into 2021

Rate hikes will continue not just this year but into 2021, according...
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VCIA Day One: Parametrics, Covid-19 and risk retention

The first day of the Vermont Captive Insurance Association (VCIA) Virtual conference...
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VCIA: Commissioner to ask “hard questions” about industry diversity

Commissioner of the Vermont Michael Pieciak has said that the insurance industry...
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Richard Smith talks VCIA Virtual

Richard Smith, president of the Vermont Captive Insurance Association, spoke to Captive Review...
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Macy’s captive exempt from $24 million tax bill

A United States court had ruled that Leadville Insurance Company, the captive...
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Ian Davis moving to private sector

Ian Davis, the chief marketing and business development professional for the regulator...
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US news attacks captives and links to Bernie Sanders

Last Wednesday US news website The Daily Beast described captive insurance companies...
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Captive for roadside assistance providers launched

A captive solution specifically designed for emergency roadside assistance providers affiliated with AAA...
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R&Q acquires Vigneron

Randall & Quilter (R&Q) have acquired captive Vigneron Insurance (VICI) from a...
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Vermont licences 22 new captives in 2019

Vermont licenced 22 new captives in 2019, bringing the total number of...
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SRS to manage new Vermont group captive

Strategic Risk Solutions (SRS) has been named as the manager of Vermont-based...
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Three pure, one RRG licensed in VT

Vermont has licensed four new captives so far this quarter, taking its...
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Sooner Insurance ratings affirmed

Sooner Insurance Company has been handed a financial strength rating of A...
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Radius, Spirit ratings affirmed

The onshore and offshore captives of multinational energy company Phillips 66 have...
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Barclays: Captive a ‘comfort’ in today’s market

A captive structure is necessary for Barclay’s risk management operation due to...
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VMC Indemnity Company relocates

The University of Vermont Health Network (UVM Health Network) has completed the...
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Ameriprise captive ratings affirmed

AM Best has affirmed the ratings of Ameriprise Captive Insurance Company (ACIC)....
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Arsenal expands into Vermont

Arsenal Insurance Management has set up an office in Vermont as it...
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Exclusive: Long-term care RRG to form in VT

A new risk retention group (RRG) is being formed to insure small...
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Johnson & Johnson wins NJ court appeal

American multinational Johnson & Johnson (J&J) has won an appeal against the...
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SOBC DARAG: Captives a ‘growing’ legacy market

Risk Retention Groups (RRGs) and captives are an area of opportunity for...
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Exclusive: DLGA launches captive blockchain working group

A captive insurance working group has been set up in Vermont in...
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Vermont licences six captives in Q1, Q2

The state of Vermont has licensed six new captives so far this...
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US Captive Review Awards: Deadline extended

The entry deadline for the US Captive Review Awards has been extended....
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Vermont legislation will help state ‘keep pace’ with industry

Updates to Vermont’s captive law will allow the state to “keep pace”...
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Macy’s captive could face $23.8m penalty over Maryland tax case

The captive insurance company of US department store Macy’s could be facing...
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Vermont defers run-off legislative plans

The state of Vermont has decided to defer introducing run-off legislation for...
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RRG premium passes $3bn – Pinnacle benchmarking study

The amount of premium insured by risk retention groups (RRG) has grown...
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R&Q completes two workers’ comp deals

Legacy specialists Randall & Quilter Investment Holdings (R&Q) has assumed the workers'...
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Vermont licences 25 new captives in 2018

The state of Vermont licensed 25 new captives in 2018, according to...
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Pizza Hut among new captives in Vermont

Global restaurant franchise Pizza Hut is among seven new captives to form...
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Industry welcomes run-off proposals from Vermont

The prospect of captive specific legislation for run-off and legacy management has...
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Vermont considering run-off legislation for captives

Captive specific run-off legislation is being discussed by the Vermont Captive Insurance...
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JP Morgan captive rated ‘Excellent’

JP Morgan’s Vermont-domiciled captive has had its financial strength rating of ‘A’...
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Phillips 66 captives rated ‘Excellent’

The onshore and offshore captives owned by multinational energy company Phillips 66...
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Vermont sponsored captive launched targeting energy sector

Energi Insurance Services and Houston International Insurance Group (HIIG) have formed a...
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Vermont Captive Market Report 2018

Commercial insurance rates may be at all-time lows on many lines of...
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Vermont PCC to service eldercare sector

A protected cell company (PCC) will finance a new insurance programme designed...
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Johnson & Johnson ruling highlights NRRA confusion

The Tax Court of New Jersey’s opinion concerning Johnson & Johnson’s claim...
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Vermont makes play for onshore reinsurance business

Vermont has passed legislation seeking to attract offshore reinsurers to set up...
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Marsh and Willis lead new formation activity in Vermont

The Vermont Department of Financial Regulation has licensed 11 new captives in...
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SOBC Sandell approved to manage captives in Vermont

The Vermont Department of Financial Regulation has approved SOBC Services Company Limited...
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Vermont captive updates signed into law

Governor Phil Scott has singed the latest update to Vermont’s captive insurance...
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Jury still out on ILS in Vermont – Rich Smith

Rich Smith, president of the Vermont Captive Insurance Association (VCIA), said the...
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Advantage opens Vermont office

Advantage Insurance has opened its first office in Burlington, Vermont as it...
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24 new captives in Vermont, 39 out

The State of Vermont licensed 24 new captives in 2017, while 39...
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Vermont health network to move captive home

The University of Vermont Health Network will re-domesticate its Bermuda captive to...
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Pitney Bowes and two RRGs among new Vermont formations

Global technology firm Pitney Bowes, Inc is one of eight new formations...
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Chris Kramer joins Green Mountain

Green Mountain Sponsored Captive Insurance Company, a cell company domiciled in Vermont,...
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VCIA considers offering onshore ILS option in Vermont

The Vermont Captive Insurance Association (VCIA) is exploring the possibility of facilitating...
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Insurance agency forms Vermont’s 1,100th captive

The State of Vermont has passed another milestone, issuing its 1,100th captive...
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Barclays captive among new licences in Vermont

Five new captives have been formed in Vermont during July and August,...
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Vermont closes in on formation milestone

The State of Vermont has licensed nine captives to date in 2017...
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Masonicare completes captive re-domestication to Connecticut

Keystone Indemnity Company, Ltd has completed its re-domestication from Vermont to Connecticut....
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Healthcare captives take number one spot in Vermont

The healthcare industry has overtaken manufacturing as the largest individual sector owning...
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Branch captives formed in Vermont and Hawaii

Two branch captives are among the new captive formations in the United...
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Vermont’s tax credit changes passed by legislature

Changes to the tax credit system for captive insurers domiciled in Vermont...
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The Debate: Domicile Evolution

Rich Smith of the Vermont Captive Insurance Association (VCIA) and Josh Magden...
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Vermont legislation signed into law, tax credit changes carved out

Governor Phil Scott has signed House Bill 85 into law, updating Vermont’s...
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Final Word: Ian Davis

Ian Davis has taken the reins from Dan Towle as Vermont’s director...
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Davis outlines priorities for Vermont

Vermont’s new director of financial services has said medical malpractice, sponsored and...
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Dan Towle’s Vermont successor announced

The State of Vermont has confirmed Ian Davis will replace Dan Towle...
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R&Q acquires Cummins legacy captive

R&Q has announced its second captive acquisition in a week after completing...
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Dan Towle: CICA job was not one I could pass up

Dan Towle, director of financial services for the State of Vermont, has...
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Captives of all sizes will benefit from Vermont tax credit change – David Provost

The proposed tax credit change in Vermont’s latest captive bill will, if...
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Agency captives a positive step for Vermont – Gary Osborne

Introducing agency captives to Vermont will boost both the profile of the...
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Vermont makes play for smaller captives with new legislation

The Vermont Captive Insurance Association (VCIA) has put forward a captive bill...
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26 new captives in Vermont, 29 out

There were 584 active captives in Vermont at 2016 year-end, with the...
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Vermont license nine captives in December

The end-of-year rush resulted in nine new captive insurance companies being licensed...
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Year in Review: Rich Smith

As 2016 draws to a close, Captive Review has asked a number...
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Domino’s Pizza RRG among new formations

A group of Domino’s Pizza franchisees have formed a risk retention group...
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Asian market and Vermont cells contributing to HDI captive growth

HDI Global, the industrial lines division within the German insurance group Talanx,...
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Vermont license 11 captives in 2016, SPIs expected to dry up

The State of Vermont has licensed 11 new captives so far in...
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Vermont Report 2016

Rich Smith, president of the Vermont Captive Insurance Association, introduces the Vermont...
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Andrew Sargeant to retire in December

Andrew Sargeant, USA Risk Group’s chief operating officer and a captive servant...
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Vermont captives write $27.5bn premium in 2015

Captive insurance companies domiciled in Vermont wrote more than $27bn in premium...
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Vermont appoints new insurance commissioner

Vermont’s Governor Peter Shumlin has appointed Michael Pieciak as the State’s new...
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Pennsylvania real estate firm withdraws from captive ratings

The Vermont-domiciled captive owned by Toll Brothers has had its financial strength...
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Vermont not ashamed to replicate rival domiciles – Rich Smith

Rich Smith, president of the Vermont Captive Insurance Association (VCIA), has said...
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States progress with updated captive statutes

Captive insurance bills in Vermont, Tennessee and Alabama have either been signed...
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Captives drawn into Vermont’s Exxon Mobil divestment debate

A Vermont legislator has voiced concerns that the Governor’s campaign to divest...
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New Vermont legislation to be proposed today

Rich Smith, chairman of the Vermont Captive Insurance Association (VCIA), will vouch...
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11 re-domestications contributes to 33 new captives in Vermont

Vermont has reported a record year for re-domestications, licensing 11 captives that...
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Solvency II Predictions: Dave Provost, Vermont

The implementation of Solvency II across the European Union (EU) may create...
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Exclusive: Zurich establishes cell company in Vermont

The Zurich Insurance Group has formed a sponsored cell captive in Vermont,...
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Interest in captive run-off transactions rising dramatically – Provost

David Provost, deputy commissioner for captive insurance in Vermont, has told Captive...
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Willis launch Vermont PCC

Willis Global Captive Practice has established a protected cell company (PCC) in...
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Vermont seeing more captives write cyber risk

Nineteen Vermont-domiciled captives are now writing cyber risk as a standalone insurance...
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Exam costs among drivers of redomestication – Vermont

Vermont’s Captive Insurance Division believes the high cost of exams in other...
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China trip to Vermont scuppered by corruption scandal

A clampdown on corruption among China’s insurance regulators and officials has prevented...
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Vermont Report 2015

The Vermont Report 2015 examines what makes the United States' largest onshore...
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Redomestications boost Vermont’s performance in 2015

Vermont, the United States’ largest onshore domicile, has benefitted from five captive...
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Captive Clarification Act reintroduced in the US

Senators from Vermont and South Carolina have reintroduced the Captive Clarification Act...
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US healthcare firm launches cat bond through Vermont captive

A $200m catastrophe bond covering earthquake risk is being brought to market...
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Healthcare Report 2015

Creating or joining a captive vehicle to cover your healthcare risks is...
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Vermont cell and capital legislation due to be signed

Vermont’s Governor Peter Shumlin is set to sign new captive legislation into...
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Vermont’s capital and cell proposals pass Commerce Committee

Senate Bill 98, which proposes changes to Vermont’s cell regulation and capital...
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Vermont proposes to loosen restrictions on captive cash

Captive insurance companies domiciled in Vermont may soon be able to make...
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Vermont adds 16 new captives, but loses 17 in 2014

Vermont, the United States’ leading captive jurisdiction, made a net loss of...
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M&A activity and multiple captive utilisation to drive US growth in 2015

North American captive business will be driven by increasing company use of...
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Make sure 831(b) captives are true insurance vehicles – Smith

Rich Smith, president of the Vermont Captive Insurance Association (VCIA), has called...
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Honeywell captive rated ‘Excellent’

The Vermont-domiciled captive of Honeywell International has had its financial strength rating...
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Apogee Enterprises’ captive rated ‘Excellent’

Prism Assurance, the single parent captive of Apogee Enterprises, has had its...
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Regulation dominates VCIA discussions – Smith

Regulation of the captive insurance industry, at state, federal and global levels,...
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New US domiciles won’t remain in the game – Provost

The Vermont Captive Insurance Association (VCIA) and the state’s regulator David Provost...
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VT and SC legislators target NRRA clarity for captives

Cross-party politicians have introduced two pieces of legislation to the United States’...
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Captive expert to lead Vermont law firm

Stephanie Mapes has been elected president of Vermont-based law firm Paul Frank...
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AT&T's Vermont captive rating affirmed

AM Best has affirmed the financial strength rating of A- (Excellent) and issuer...
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Vermont House considers dormant captive licences

Draft legislation that would introduce dormant captive insurance company licences in Vermont...
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Vermont continues with steady growth

Vermont licenced 29 new captives in 2013, bringing the Green Mountain State's...
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Vermont power captive gets positive rating

Ratings agency A.M. Best has assigned a financial strength rating of B+...
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Vermont proposes a dormant status for captives

Vermont is proposing to introduce legislation which offers a ‘dormant’ status for...
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Provost tops Power 50

Vermont’s deputy commissioner of captive insurance, David Provost topped this year’s Captive...
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Vermont licenses 1000th captive

The Vermont Department of Financial Regulation (DFR) has licensed the state's 1,000th...
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Stable rating for Mexican telecommunication captive

Moody's Ratings has affirmed Mexican telecommunication company, América Móvil's, captive reinsurance company,...
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Vermont appoints new deputy commissioner

Vermont’s Department of Financial Regulation has appointed a new deputy commissioner in...
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Vermont captive insurance leglislative amendments signed into law

Governor Peter Shumlin has signed into law new captive legislation passed in...
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Performa continue global expansion with new hire

Global investment manager P.R.P. Performa, has named Sandi Prescott as its global...
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Dodd Frank and the NRRA: A continuing conundrum

It says something about the fiscal position of many US states that...
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Vermont RRGs face compliance deadline

Vermont-based risk retention groups (RRG) must comply with the registration requirements of...
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Substantial captive growth reported globally

Bermuda, Guernsey and Vermont saw substantial growth in captives across 2011.  ...
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Glass solutions captive rating affirmed

Apogee Enterprises’ captive has had its financial strength rating of A- (excellent)...
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JPMorgan Chase novates liabilities

JP Morgan Chase & Co has novated liabilities from its Bermudan captive...
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Honeywell looks to write new risks

Honeywell is looking to write trade credit and supply chain risks into...
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Exam costs a ‘hidden fee’

Captive exam fees can be costly in many growing US domiciles where...
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Nevada appealing RRG court ruling

Nevada is making an appeal after a risk retention group (RRG) won...
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Vermont issues 900th licence

The State of Vermont has issued its 900th captive insurance company licence...
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Vermont captive growth rate increases

Vermont has licensed 17 new captive insurance companies in the first half...
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Risk Service/AmTrust merger announced

Captive management/consulting firm and reinsurance intermediary Risk Services is to merge with...
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Vermont captive director to step down

Peter Raymond, director of Captive Insurance for the Vermont Department of Banking,...
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New Vermont Commissioner announced

Michael Bertrand, deputy commissioner of the Vermont Department of Banking, Insurance, Securities...
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List in Our Services Directory

To submit your entry click on the link below, benefits include: 12...
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Artex Acquires Champlain

Artex Risk Solutions has acquired Vermont-based Champlain Captive Management. The newly combined...
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The IRS is biding its time by taking on micro-captives and will eventually refocus on...
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Randy Sadler, principal at CIC Services, discusses why captive professionals should be more strongly considering...
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Guy Carpenter’s Rick Hartmann, senior vice president, Treaty Broking, explains why – and how –...
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Ian-Edward Stafrace of Atlas Insurance PCC, a FinanceMalta member, explores how Malta’s innovative protected cell...
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