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Captive Insurance Update | Fall Edition 2021 | Downs Rachlin Martin PLLC

Captive Insurance Update | Fall Edition 2021 | Downs Rachlin Martin PLLC
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Vermont regulator rises to the top in Captive Review's annual "Power 50" poll

Montpelier, Vermont (PRWEB) May 31, 2021 Captive Review, a leading London-based trade publication for the captive insurance industry, has released their ....

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Vermont regulator rises to the top in Captive Review's annual

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MONTPELIER, Vt. (PRWEB) May 31, 2021
Captive Review, a leading London-based trade publication for the captive insurance industry, has released their annual Power 50 and Ones to Watch selections. These polls recognize the most influential individuals in the global captive insurance industry. A record fourteen captive insurance professionals with ties to Vermont were recognized.
Sandy Bigglestone, Director of Captive Insurance at the Vermont Department of Financial Regulation, was one of only two regulators recognized and the highest-ranking, climbing 10 spots from the 2020 poll to number 7 in this year s Power 50. Sandy manages Vermont s captive regulatory operations and licensing and monitoring of the financial condition of captive insurers domiciled in Vermont. ....

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New Vermont captive legislation signed by Governor Phil Scott

New Vermont captive legislation signed by Governor Phil Scott
PR Web
Phil Scott signed new legislation into law strengthening
Vermont s captive regulation in a variety of areas. This year s bill, S.88, combined changes to
Vermont s insurance and captive insurance statutes in a single bill to help minimize the number of items before the legislature. The bill made several updates to
Vermont s captive law, including clarifying the ability for a cell to convert to another type of entity, and simplifying processes around redomestication, mergers, and the filing of organizational documents prior to licensure.
This year
marks 40 years since the passage of the Special Insurer Act of 1981, which created the captive industry in ....

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Vermont regulator rises to the top in Captive Review's annual 'Power 50' poll

Vermont regulator rises to the top in Captive Review's annual 'Power 50' poll
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