Inside Vermont's Captive Insurance Strategy: Depth, Dialogue, and a Decades-Long Lead

What keeps Vermont at the forefront of the captive insurance world? According to Brittany Nevins and Jim DeVoe-Talluto, it's a blend of deep regulatory expertise, open-door collaboration, and a legislative process that puts industry input at the center. In a recent interview, the two leaders shed light on how Vermont continues to earn its reputation as the gold standard among US domiciles.

With the world's largest team of captive regulators and a willingness to work through complex risk structures, Vermont is seeing strong 2025 momentum. The state has already licensed 34 new captives this year—driven by midmarket and private companies in real estate and manufacturing as well as a rise in public entity formations. Mr. DeVoe-Talluto pointed to the state's responsive framework and hands-on approach, noting that some of the most productive conversations happen not in hearings, but during quick calls or after board meetings.

Ms. Nevins highlighted Vermont's proactive lawmaking, including recent updates allowing captives to enter parametric contracts. She also emphasized the role of the Vermont Captive Insurance Association in uniting regulators, industry professionals, and economic developers. With support for emerging risks, next-generation talent initiatives, and a bipartisan commitment to the sector's growth, Vermont isn't just maintaining its lead—it's actively shaping the future of captive insurance.

Read the full article in the August edition of Captive Insurance Company Reports (CICR).

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