Vermont's Captive Insurance Industry Sets New Records
- Actomate
- Jul 23, 2025
- 1 min read
Vermont licensed 41 new captive insurance companies in 2024, marking one of the top ten growth years since its captive legislation began in 1981. As of year-end 2024, the state hosts 683 licensed captives—654 active and 29 dormant—with a total of 1,370 captives licensed to date. Growth continued into 2025, with eight additional captives licensed in the first week of January. Newport captives spanned 16 industries and featured a mix of pure captives, sponsored captives with over 30 new protected cells, a special purpose finance insurer, and a risk retention group. Vermont received multiple industry accolades in 2024, and initiatives like the Emerging Leaders program further support its reputation and future leadership in captive insurance.
Source: Reinsurance News
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