International Paper Relocates Captive from Vermont to Tennessee December 22, 2020
Memphis-based global fiber-based packaging, pulp and paper products leader International Paper has relocated its captive insurance company from Vermont to Tennessee, according to a statement from The Tennessee Department of Commerce & Insurance’s (TDCI) Captive Insurance Section.
International Paper has manufacturing operations in North America, Latin America, Europe, North Africa and Russia. It produces corrugated packaging products; pulp for diapers, tissue and other personal hygiene products; and paper. It employs more than 48,000 colleagues and serve more than 25,000 customers in 150 countries. Its net sales in 2019 were $22 billion.
“We have worked with the state for the past six years on our second captive and have a lot of confidence in the state as a fair and effective regulator. As a Memphis-based company, moving our captive to Tennessee will streamli
December 22, 2020
Memphis-based global fiber-based packaging, pulp and paper products leader International Paper has relocated its captive insurance company from Vermont to Tennessee, according to a statement from The Tennessee Department of Commerce & Insurance’s (TDCI) Captive Insurance Section. International Paper has …
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