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 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 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.
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.
“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.”