For over 36 years, Vermont has been a global leader in captive insurance. Vermont leads the world in gross written premium, it is number one in assets under management and third worldwide in the number of active captive insurance companies. Vermont is home to the captives of 48 of the Fortune 100 and those of 18 of the companies in the Dow 30. Vermont is also a four-time winner of Captive Review’s top US Domicile honor.
In Vermont, the focus is on the balance of firm and fair regulation. Since 1981, successive governors and legislatures have worked hard to keep current with the changing needs of this dynamic industry. Vermont’s experienced regulatory staff is knowledgeable and ready to handle all inquiries, making formations, examinations and plan changes efficient, cost-effective and value-added.
Vermont’s infrastructure of brokers, managers and accountants make it “one-stop shopping” for the management expertise that companies are looking for when considering captive insurance. Vermont’s captive infrastructure is sophisticated and diverse, with 19 approved captive management firms. The state’s infrastructure is further complemented by the largest captive insurance trade association in the world, the Vermont Captive Insurance Association (VCIA).
As a leader in the Captive Insurance Industry, Vermont has never said, “that’s good enough.” Vermont is fortunate to have unparalleled government support which provides resources for the ongoing formation and future needs of captive operations. Simply put, the universal support that exists means there are no surprises or slowdowns as companies are dealing with the most experienced captive jurisdiction.
Find out what 48 of the Fortune 100 have already learned—that Vermont is “the Gold Standard”. So, look around, conduct your due-diligence, and in the end, we are confident that Vermont will exceed your expectations.
And you will be joining some great company!