A regulator who’s been a fixture in Vermont’s captive insurance industry for two decades is calling it quits.
Peter Raymond, director of captive insurance for the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISCHA), is leaving to take a job as contract examiner and consultant for the Florida Hurricane Catastrophe Fund.
He finishes July 16. He will be succeeded by Sandy Bigglestone, a 13-year veteran of the department.
Raymond’s is the second major departure from BISCHA. Last month, Commissioner Paulette Thabault resigned to take a position in the health insurance industry.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
JPMorgan Banker Sues Ex-Colleague Over ‘Fabricated’ Sex Claims 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve 
