Vermont captive formations hold steady at Insurance Wood

Vermont captive formations hold steady

MONTPELIER, Vt.—The Vermont Department of Banking, Insurance, Securities and Health Administration licensed 37 captives in 2006, as new captive formation held steady in the nation’s largest domicile. Last year’s 37 formations is the same as in 2005, while 43 captives were licensed in 2004. Of the...

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MONTPELIER, Vt.—Vermont-based captive insurance companies generated a record $11.55 billion in premium volume in 2006, up nearly 6% from 2005, according to the state’s captive regulators. The increase in premium...

Vermont captive formations hold steady

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