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.
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.
The Vermont captive insurance sector has experienced tremendous growth thanks to its collaborative regulation, extensive infrastructure and commitment to working together.
NFP Management Corp. has taken great strides to enhance its diversity and inclusion initiatives, showing that such efforts in captives are a necessary step forward.