Captive Insurance Division
Vermont: Capturing more captives than anywhere else
We hear it all the time: For a small state, Vermont is a big player in the captive insurance industry. Well, captive insurance is a big industry for a small state like Vermont and we did not become a global leader over night. It was the result of a clearly defined, rigorously honed strategy that’s made us the leading captive insurance domicile in the U.S. and only behind Bermuda and the Cayman Islands in terms of numbers of captives in the world.
Consider that we have licensed more than 900 captive insurance companies in Vermont with more than $16.6 billion in premiums flowing through the state in 2011. Many of the leading companies in the world call Vermont home for their captives and Vermont is a leader in hospital captives for medical malpractice coverage, and a leader in risk retention groups.
Why? Because we have a 30 year track record; we’re home to some of the most knowledgeable and respected professionals in the industry; and our regulations are specifically designed to be strong and stable, yet flexible enough to capitalize on the latest industry trends and needs. Captive insurance is a key strategic initiative for Vermont, and an industry that is a priority of the Governor and Legislature.
