Forty-five new captive insurance companies were licensed in Vermont in 2021 — the same year the state celebrated its 40th year in the captive industry
Cowbell Cyber Inc has formed a new captive, Cowbell Re, to provide additional capacity to help address the growing demand for cyber insurance in 2022
Business, banking and insurance law firm Paul Frank + Collins has appointed David Angus as counsel, bringing his captive insurance and transactional practice from The Angus Firm to PF+C’s captive insurance team
Genesis Legacy Solutions has issued its first loss portfolio transfer agreement through its Vermont cell to an affiliate of Cypress Property and Casualty Insurance Company
The Vermont Captive Insurance Association has named two new members to its board of directors, Joe Carter and Gail Newman, effective October 2021
Marsh McLennan Agency has appointed Derek Martisus and Adam Forstot to its Captive Center of Excellence, where they will work closely with the Marsh Captive Solutions group
Although the insurance industry as a whole is experiencing a hard market which has led to increased interest in alternative risk financing, risk retention groups are behind other types of captive structures in terms of new formations
KeyState Captive Management has appointed Erin Duffy as assistant controller at the firm’s captive management team, based in Vermont
