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Washington State captive bill is ‘poorly drafted’, says Vermont’s Rich Smith
25 March 2021
Reporter Maria Ward-Brennan

“Washington could have instituted a self-procurement tax like several other states — instead, the Office of the Insurance Commissioner chose pride over prudence,” according to Rich Smith, president of the Vermont Captive Insurance Association

Vermont hits new milestone after licensing 1,200th captive
10 February 2021
Reporter Maria Ward-Brennan

Vermont’s Governor Phil Scott has revealed that the Department of Financial Regulation has licensed the state's 1,200th captive insurance company

State Street’s captive ratings affirmed
01 February 2021
Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Federated Underwriting Company (Federated), based in Colchester, Vermont

Vermont welcomes 38 new captives in 2020
21 January 2021
Reporter Maria Ward-Brennan

The Vermont Department of Economic Development has revealed the state licensed 38 new captive insurance companies in 2020

A.M. Best affirms JPMorgan Chase captive ratings
15 January 2021
Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Park Assurance Company, based in Colchester, Vermont

ConocoPhillips’ captive ratings affirmed
13 January 2021
Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” of Sooner Insurance Company, based in Vermont

Pamela Cote joins KeyState Captive Management
03 December 2020
Reporter Becky Bellamy

Cote joins with over 25 years of public accounting experience with a specific focus on the captive insurance companies

A.M. Best upgrades ratings of AES Global Insurance
12 November 2020
Reporter Maria Ward-Brennan

A.M. Best has upgraded the financial strength rating to A- from B++ and the long-term issuer credit rating to “a-” from “bbb+” of AES Global Insurance Company, based in Burlington, Vermont

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