The Vermont Department of Economic Development reported the state licensed a total of 38 new captive insurance companies in 2023, making it now home to 659 captives. That growth made 2023 one of the best years since Vermont licensed its …
RiverStone, the U.S. insurance runoff specialist of the Fairfax insurance group, announced a tentative agreement to acquire Western Property & Casualty Insurance Co. to be effective this month. The shareholders of Western P&C will enter into a stock purchase agreement …
MAPFRE USA Hires Zimmerman to Lead Commercial Lines MAPFRE USA, a leading personal and commercial auto writer and home insurer in Massachusetts, announced that Jesse Zimmerman has joined the leadership team as vice president of commercial lines. Zimmerman will oversee …
Forty-five new captive insurance companies were licensed this past year in Vermont, making 2021 Vermont’s fourth highest year of growth in its 40-year history. Vermont is now home to 620 licensed captives, consisting of 589 active and 31 dormant captives.. …
The Vermont Department of Financial Regulation announced on July 31 that the state regulators licensed 14 new captives during the first seven months of 2015, already nearing the full-year 2014 total of 16. The newly licensed captives include seven pure …
The Delaware Department of Insurance announced recently the final projection for the number of captive licenses the captive bureau anticipates issuing for 2012. The regulators said 2012 was the best year ever for the state’s captive growth and that Delaware …
Vermont licensed 32 new captives in 2012 — finishing with strong showings by the construction and manufacturing sectors which each had five new licensees, according to data released on Jan. 16 by the Vermont Captive Insurance Division. Vermont Gov. Peter …
