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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

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Captive Insurer, Green Mountain Slated To Grow under Chris Kramer

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October 10, 2017

Green Mountain Sponsored Captive Insurance Company ("Green Mountain"), Vermont's largest independently owned protected cell captive, has hired Chris Kramer as its managing director to lead the firm's development and expansion plans. Green Mountain is an affiliate of Strategic Risk Solutions (SRS) and was formed in 2012 to provide clients and brokers with a cell facility.

Mr. Kramer's career spans over 30 years in the property, casualty, and alternative risk financing industry. A frequent contributor to publications and trade groups, he is credited with the creation of a number of captives, risk retention groups, and start-up profit centers for private and public enterprises. He has also been responsible for the inception and development of several cell captives, including Global Re, one of the largest cell captives in Barbados.

"I am thrilled to have an opportunity to take Green Mountain to the next level and assist clients and brokers in putting together new programs. Working with SRS and having a Vermont based facility like Green Mountain presents some exciting opportunities to do creative programs on an efficient and turnkey basis," said Mr. Kramer.

Brady Young, CEO of SRS and a board member of Green Mountain, offered, "We have been pleased with the progress we have made with Green Mountain but with Chris leading the effort on a full time basis, the owners of Green Mountain are confident we will see significant growth in several areas including medical stop loss captives, traditional single parent programs, and agency captives now that these captives can be formed in Vermont."

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