Captive insurance pioneer Edward “Ed” Meehan has passed away aged 73 at his home in North Fort Myers, Florida, after a prolonged illness.
Meehan was hired by commissioner of banking and insurance George Chaffee during the Richard Snelling administration and served in Vermont’s captive division during the formative years of its captive insurance industry.
Peter Shumlin said Meehan’s tireless dedication to the State of Vermont has not been forgotten.
Shumlin commented: “[Meehan] was one of the first people who worked to make Vermont the gold standard of domiciles. His legacy of dedication and professionalism continues to provide valued contributions to Vermont’s economic prosperity and will be felt for generations to come.”
Before joining the State of Vermont, Meehan served in the Massachusetts Division of Insurance and was responsible for hiring Len Crouse and Peter Raymond who became respected leaders in Vermont’s captive insurance division.
Susan Donegan, commissioner of the department of financial regulation (DFR), called Meehan a legendary colleague and an honourable public servant.
Donegan said: “Those of us who worked with [Meehan] starting when DFR was called the department of banking and Insurance all benefited from his expertise and wonderful sense of humour.”
“Deputy commissioner of insurance Crosby Sherman and I will always remember [Meehan] as a larger than life figure in our industry. We had great respect for his willingness to make tough decisions. Vermont would not be a global leader in captive insurance without his contribution.”
