Switching his major to risk management and insurance at the University of Georgia turned out to be the right move for Patrick Miller.

In conversation with Risk & Insurance editor-in-chief Dan Reynolds, the eMaxx group CEO discussed the firm’s business model, the impact of technological innovations and the state of talent in the captive insurance industry.

“We are seeing more captives looking to take on that excess layer, because the rates are just going through the roof on the traditional side.”

“We can come up with creative ways for people to retain some risk up front, and then get rid of that tail so they don’t have liabilities for that long of a period.”

Several of Vermont’s long-tenured captive regulators receive promotions, and as they do so, they credit their department’s approach to succession planning.

Vermont captive regulators and advocates journey to Mexico as part of a push for more international business for the domicile.

Vermont captive insurance has become known as the “gold standard” within the industry, thanks in part to its streamlined, economical and efficient licensing-issuing process.  

When a group of higher education institutions was looking to cut costs on health care benefits, they turned to the formation of a group captive in Vermont.

Captives, parametrics and other alternative risk transfer tools are likely to remain relevant well into the future.

This year, 6 brokers from across the brokerage field were named as the 2023 Captives Power Broker winners. An additional three brokers were named as finalists.

AXA XL’s global programs and captives director, Americas, shares his captive career journey.

“One thing I’ve cautioned everyone is we can’t just put the band back together and churn out the old hits like the Eagles do every couple of years and expect people to turn up, because people’s expectations and desires have changed.”

The growth of captive adoption has increased at an unprecedented rate over the last two years, according to Marsh Captive Solutions experts.

A session at the VCIA conference discussed 6 trends the captives space should keep on their radar, including the hard market and cyber.

In May, Vermont’s Dave Provost announced his retirement and the appointment of Sandy Bigglestone as Deputy Commissioner of the Department of Financial Regulation Captive Insurance Division. The pair share their goals for this next phase.

Cyber coverage is tightening. Could captives be the safety valve for businesses looking to manage this ever-threatening risk?

Vermont’s top captive regulator steps down and other notable announcements in this week’s issue of People on the Move.

Vermont native Maigh Wright has found a stimulating career in her home state’s captive industry.

The Vermont Captive Insurance Association is back in-person for its annual conference this August.

The State of Vermont is known for its captive knowledge base and its success with for-profit businesses. It’s equally adept at offering alternate risk transfer to the nonprofit sector.