Vermont Governor Phil Scott has named Sandy Bigglestone as deputy commissioner of the captive insurance division at the Vermont Department of Financial Regulation (DFR).
This appointment follows the announcement of David Provost’s retirement two weeks ago after 14 years of service in the role.
Bigglestone currently serves as director of captive insurance at the department, a role she has held for 12 years. She began her tenure as an entry-level examiner in the captive insurance division in 1997, before being promoted to director of examinations in 2008.
For the last four years, Bigglestone has served as chair of the National Association of Insurance Commissioners’ Risk Retention Group Task Force, which focuses on the state, federal and industry activities that impact RRGs.
Bigglestone is also the current chair of the Captive Insurance Companies Association’s Amplify Women education sub-committee, which aims to raise awareness of the captive industry across US colleges and universities.
Commenting on the appointment, Scott says: “Sandy has decades of experience in licensing and regulating captives in Vermont, the top domicile in the country. It made sense to look within for the best person to lead the industry, and the obvious choice was Sandy. I look forward to all she will do moving forward in support of this great industry”
Provost adds: “I have worked with Sandy for over 20 years – I am confident that she will carry on the mission of the captive division and be a thoughtful regulator. I know she has the experience, skills and new ideas to help guide the industry forward.”
Bigglestone says: “I am thankful for all of the great work in Vermont over the last 40 years, and proud that I have been exposed to 25 years of top-notch leadership and participated in keeping Vermont at the forefront of captive domiciles worldwide. Looking ahead, I am elated to continue our tradition of excellence, to model good captive regulation, and to advance Vermont’s footprint.”
