Tag: vermont Department of Insurance

Vermont licensed more than 40 new captive insurance companies in 2011, expects to license more this year

S.Vagus

The Vermont Banking, Insurance, Securities and Health Care Administration has released new data that shows the state has added 41 new captive insurance companies in 2011. The state is home to more than 590 active captive insurance groups currently, with a total of 952 licensed insurers.2011 was the sixth consecutive year in which Vermont added more than 40 new captives to the market, showing the growing trend of captives in the state’s insurance industry. Captives have always been popular in the insurance business, but more insurance organizations are opting to…

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