Vermont bills itself as the “Gold Standard” of captive domiciles, with more than 1,000 captives, including 48 of the Fortune 100. WRIN.tv speaks with Sandy Bigglestone, Director of Captive Insurance for the State of Vermont, about how the State cultivates attracts captives and RRGs.
Ms. Bigglestone notes that Vermont’s regulatory approach has been “perfected over the years.” She also believes a dedicated staff and excellent relationships with State agencies and the Vermont Captive Insurance Association (VCIA) contribute to the business-friendly environment.
Ms. Bigglestone also discusses the process for establishing an RRG in the State, including the application and review process. She recommends that captives looking to domicile in Vermont set up a pre-application meeting to better understand the proposed company and its structure. She says Vermont regulators are objective and flexible in their review of large and small companies.
For more from the 2015 NRRA Conference, visit the WRIN.tv On Demand Library.