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Montpellier, Vermont., January 23, 2022 /PRNewswire-PRNewswire/ — 45 new captive insurers this year Vermont, making 2021 Vermont’s fourth-highest growth year in its 40-year history. Vermont There are now 620 licensed captives, including 589 active captives and 31 dormant captives.
“Vermont Continue to be a global leader in the captive industry and demonstrate, once again, to provide high-quality regulatory oversight and partnerships while meeting the unique needs of captive businesses,” the Governor said Phil Scott.
Vermont In addition to licensed captive companies, 52 sponsored cell captives currently hold nearly 500 cells and separate accounts. New captives are licensed in 17 different industries, the main ones being healthcare, real estate, manufacturing, insurance and transportation.at least 5 Vermont The new captives for 2021 consist of companies with an international background, including Japan, Germany, Russia, This UK, and Australia.
“Not only are new captives being formed rapidly, but fewer captives have been disbanded this year than we normally see,” said Brittany Nevins, Director of Captive Insurance Economic Development. “We issued 45 new licenses, …
The full story is available on Benzinga.com
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