Vermont’s Updated Captive Law to Allow ‘Dormant’ Status for Inactive Captives
Vermont’s Gov. Peter Shumlin signed new legislation updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. Officials said the new...
View ArticleVermont Regulators: Updated Law Offers ‘Welcome Option’ for Inactive Captives
Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s ongoing...
View ArticleVermont Captive Insurance Gross Written Premium Nears $30B
Vermont licensed 16 new captives in 2014 and the state’s captive insurance gross written premium is nearing $30 billion, according to data released today by the Vermont Captive Insurance Division. The...
View ArticleVermont’s New Captive Legislation to Revise Some Capital Requirement Rules
Vermont officials announced that Gov. Peter Shumlin will sign new legislation passed in April that would bring several changes to the state’s captive insurance rules — including changes to the...
View ArticleVermont Licensed 14 New Captives So Far This Year
The Vermont Department of Financial Regulation announced on July 31 that the state regulators licensed 14 new captives during the first seven months of 2015, already nearing the full-year 2014 total of...
View ArticleWillis Launches Protected Cell Company Insurance Facility in Vermont
Willis Global Captive Practice, a unit of Willis Group Holdings plc, today announced it has set up a Willis-owned and managed protected cell company (“PCC”) insurance facility in Vermont. Willis...
View ArticleVermont Licensed 33 New Captive Insurers in 2015
Vermont licensed 33 new captive insurance companies in 2015, according to data released by the Vermont Department of Financial Regulation. 2015’s new licensees bring Vermont’s overall total licenses to...
View ArticleVermont’s Latest Captive Bill Signed Into Law
Vermont Gov. Peter Shumlin has signed new legislation, H-538, that allows sponsored or industrial insured captives that are inactive to enter a dormant status. This status would allow such types of...
View ArticleVermont’s Updated Captive Law to Allow ‘Dormant’ Status for Inactive Captives
Vermont’s Gov. Peter Shumlin signed new legislation updating Vermont’s captive law, amending the reciprocal insurer section and creating a new “dormant” status for captives. Officials said the new...
View ArticleVermont Regulators: Updated Law Offers ‘Welcome Option’ for Inactive Captives
Vermont’s updated captive insurance law now offers inactive captives in the state a chance to apply for a “dormant” status. Vermont regulators said this latest modification reflects the state’s ongoing...
View ArticleVermont Captive Insurance Gross Written Premium Nears $30B
Vermont licensed 16 new captives in 2014 and the state’s captive insurance gross written premium is nearing $30 billion, according to data released today by the Vermont Captive Insurance Division. The...
View ArticleVermont’s New Captive Legislation to Revise Some Capital Requirement Rules
Vermont officials announced that Gov. Peter Shumlin will sign new legislation passed in April that would bring several changes to the state’s captive insurance rules — including changes to the...
View ArticleVermont Licensed 14 New Captives So Far This Year
The Vermont Department of Financial Regulation announced on July 31 that the state regulators licensed 14 new captives during the first seven months of 2015, already nearing the full-year 2014 total of...
View ArticleWillis Launches Protected Cell Company Insurance Facility in Vermont
Willis Global Captive Practice, a unit of Willis Group Holdings plc, today announced it has set up a Willis-owned and managed protected cell company (“PCC”) insurance facility in Vermont. Willis...
View ArticleVermont Licensed 33 New Captive Insurers in 2015
Vermont licensed 33 new captive insurance companies in 2015, according to data released by the Vermont Department of Financial Regulation. 2015’s new licensees bring Vermont’s overall total licenses to...
View ArticleVermont’s Latest Captive Bill Signed Into Law
Vermont Gov. Peter Shumlin has signed new legislation, H-538, that allows sponsored or industrial insured captives that are inactive to enter a dormant status. This status would allow such types of...
View ArticleVermont Added 45 Captives in 2021
Forty-five new captive insurance companies were licensed this past year in Vermont, making 2021 Vermont’s fourth highest year of growth in its 40-year history. Vermont is now home to 620 licensed...
View ArticleVermont Captive Insurance Law Changes Include Green Light on Parametric...
Governor Phil Scott recently signed legislation (H.515) into law modernizing Vermont’s captive insurance statutes, including giving captive insurance companies authority to enter into parametric risk...
View Article2022 Was Another Big Year for Captives in Vermont
The state of Vermont reports that it licensed 41 new captive insurance companies in 2022, meaning it is now home to 639 licensed captives, consisting of 608 active and 31 dormant captives. The new...
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