Financial Services

Over half of all companies on the Fortune 100 and Dow 30 have chosen Vermont as their captive insurance domicile. Captive insurance is a regulated form of self-insurance that is created, owned, and controlled by its insureds. Over 1,200 captive insurance companies have been licensed to date in Vermont. Vermont’s captive infrastructure of brokers, managers, attorneys and accountants is sophisticated and diverse, with 23 approved captive management firms. The state’s infrastructure is further complemented by the largest captive insurance trade association in the world, the Vermont Captive Insurance Association (VCIA). Every year the VCIA hosts the largest captive insurance conference with over 1,000 attendees in Burlington. Vermont is fortunate to have unparalleled government support for the captive insurance industry. Vermont’s legislature passes a captive bill every year to keep pace with the changing needs of the captive industry, without compromising Vermont’s quality standards. The Vermont Captive industry is known as “the gold standard” due to its robust regulatory team of over 30 staff members, all experts in the field and dedicated to the review of captive insurance companies.

National Life Group, a Fortune 1000 company, was founded in Vermont’s capital 170 years ago and remains a center of innovation and activity. Vermont’s small market size allows for strong relationships but also makes room for big players–small investment companies like Edward Jones (a “Best Place to Work in Vermont” according to Vermont Business Magazine rankings) coexist with Morgan Stanley’s 50+ member Vermont location.