Vermont Registers 16 New Captive Insurance Companies in Q1 2025

In the first quarter of 2025, Vermont registered sixteen new captive insurance companies, as reported by the Vermont Department of Financial Regulation. These captives are managed by various firms including Strategic Risk Solutions, AIG Insurance Management Services, Artex Risk Solutions, Caitlin Morgan Captive Management, KeyState Captive Management, and Marsh Management Services. Most of the new captives are registered in Burlington, Vermont.

The addition of these sixteen captives brings the total number of licensed captives in Vermont to 1,378, although not all are currently active. This reflects ongoing growth and interest in Vermont's captive insurance market, a key driver in the state's insurance sector and regulatory environment.