Vermont Says 32 Captives Added in 2012, Fueled by Construction
By Elizabeth Bunn -
2013-01-16T18:48:09Z
Vermont licensed 32 so-called captive insurers last year as construction and manufacturing firms turned to the state as they established self-insurance programs.
New licensees, including Deutsche Bank AG (DBK), ConocoPhillips (COP), Allstate Corp. (ALL) and Tyco International Ltd. (TYC), bring Vermont’s total to 984, according to a news release today from the state. Vermont licensed 41 captives in 2011.
To contact the reporter on this story: Elizabeth Bunn in New York at Ebunn1bloomberg.net
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.