Arsenal Insurance Management has received approval from the Vermont Department of Financial Regulation to serve as a captive manager in the state.
The captive managed said that adding Vermont, to its capabilities will broaden the firm’s resources to support the projected strong growth.
Arsenal president, Norman Chandler said: “I am delighted to announce our new commitment to Vermont. The decision to expand into Vermont was a logical step in our business growth strategy.”
He added: “With this new presence, Arsenal will establish even closer ties with our Vermont and North American clients. This move will help Arsenal’s continued growth in alternative market solutions.”
The new office will be located in Burlington, Vermont.