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Vermont Captive Insurance licenses exceed 40 for sixth year

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first_imgFor the 6th year Vermont surpassed the 40 new captives licensed mark with 41 new captive insurance companies in 2011 bringing the total number of licenses to 952, according to data released by the Vermont Banking, Insurance, Securities and Health Care Administration (BISHCA).Thirty were single parent captives, with six risk retention groups (RRG), three sponsored, one industrial insured, and one association. 2011’s new captive insurance licensees brings Vermont overall total to 952 with 590 active captive insurance companies.‘One of the most exciting aspects of 2011 and a perennial key to our success is the high quality of companies that we are privileged to work with,’ said David Provost, Vermont’s Deputy Commissioner of Captive Insurance.  ‘We’re also seeing the State’s continued investment in staff helping us continue to provide outstanding customer service.  That’s very much a part of what keeps Vermont the Gold Standard.’Despite the soft market each quarter of 201l had steady growth.  ‘This strong year is testimony to our continued commitment to maintain Vermont’s reputation as the Gold Standard of domiciles,’ said Governor Peter Shumlin.  ‘While other states continue to falter, Vermont’s stability and support has never wavered. We will continue to address the needs of the industry going forward and will not rest on our laurels.’The top industries licensing captives in the past year in Vermont were insurance, hospitals and medical groups and manufacturing.  Vermont was also busy with activity in risk retention groups which continue to be a growth sector.‘Vermont is the leader in RRG’s and that trend has been a constant. Another area of growth has been in redomestications of existing captives from other states and jurisdictions.  We continue to hear that Vermont provides the greatest value for your captive insurance company,’ said Daniel Towle, Director of Financial Services.  As 2012 begins, two new captives have been licensed and there are already four applications pending according to Towle.  ‘The overall market may be soft, but it is also very dynamic and we expect good things to come from 2012.’Captive insurance is a regulated form of self insurance that has been around since the 1960’s, and has been a part of the Vermont insurance industry since 1981, when Vermont passed the Special Insurer Act.  Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk.  Captives are typically used for corporate lines of insurance such as property, general liability, products liability, or professional liability.   Growth sectors of the captive insurance industry include securitization, professional medical malpractice coverage for doctors and hospitals, and the continued trend of small and mid-sized companies forming captive insurance companies.Montpelier, VT ‘ January 10, 2012 ‘ www.vermontcaptive.com(link is external)last_img read more

Pickford, Trippier, Maguire and more England stars react to World Cup exit

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first_imgWas an honour to represent my country at the world cup. The squad we have is a great bunch of lads who are willing to learn and give everything and we can hold our heads high. Thank you to everyone who supported our journey 👏🏾 we dont stop here! ⬆ #ThreeLions 🦁🦁🦁 pic.twitter.com/QuZ6XOmgOj— Jesse Lingard (@JesseLingard) July 11, 2018 1 Devastated England players thank Three Lions fans for their support after Wednesday’s semi-final defeat Absolutely devastated that our journey is over! We enjoyed every moment as a nation, I’d like to thank all the staff and fans for being behind us. It has been an honour to be a part of this special team. We will be back stronger 💔🏴󠁧󠁢󠁥󠁮󠁧󠁿 pic.twitter.com/LErwj4QqZm— Trent Arnold (@trentaa98) July 11, 2018 Devastated. Absolutely gutted. Thanks to the fans for your incredible support. 🏴󠁧󠁢󠁥󠁮󠁧󠁿🦁❤️ pic.twitter.com/8fiWVdXrAY— Harry Maguire (@HarryMaguire93) July 11, 2018 Really tough right now but this team’s special.. we’ll be back. Hopefully this is the start of the future 🏴󠁧󠁢󠁥󠁮󠁧󠁿 #ThreeLions pic.twitter.com/uqiK8GFN9S— Marcus Rashford (@MarcusRashford) July 11, 2018 What a World Cup it has been and what an opportunity we had to make history, but it just wasn’t to be as Croatia stunned Gareth Southgate’s men in extra-time to win 2-1 and book their place in the final against France.It shouldn’t be all doom and gloom – the boys did us proud in Russia.They’ve exceeded expectations massively – we made it to the semi-finals of the World Cup! The tournament ends on Sunday and until last night we were still in it!And just think, as gutted as we all feel this gloomy Thursday morning – have a thought about how devastated the players must be.They gave everything against Croatia. They put their bodies – and in Kyle Walker’s case, his balls – on the line for their country and they have laid an incredible foundation for the future.And it appears, despite how gutted they are about their exit, our lionhearted stars are proud of their incredible journey.See how the England players reacted to last night’s defeat below… Gutted, absolutely gutted.The summer heatwave is over and a glum mist has descended on the country, quite fitting really, as it wakes up after the Three Lions’ heartbreaking World Cup exit. We might live in a time where sometimes it’s easier to be negative than positive, or to divide than to unite, but England: let’s keep this unity alive. I love you.— Kyle Walker (@kylewalker2) July 12, 2018 “I’m proud of all the players and all of the staff because I know they couldn’t have given any more.” 👏Gareth Southgate spoke to @talkSPORT after England’s agonising #WorldCup semi-final defeathttps://t.co/A0U3Wl3KM8— talkSPORT (@talkSPORT) July 11, 2018 It hurts a lot. It will hurt for a while. We can be proud and we’ll be back. Thanks for all your support. #ThreeLions #ENG #WorldCup pic.twitter.com/mJKOWtAOlK— Harry Kane (@HKane) July 11, 2018 “This will hurt for a while” 😢 💔#ENG captain Harry Kane spoke to @talkSPORT after the #ThreeLions heartbreaking #WorldCup exitYou did us proud, lads! 👏https://t.co/DS5e7M321J— talkSPORT (@talkSPORT) July 12, 2018 “We’re all sitting in there devastated which is rightly so but we’re all proud”@England’s @trippier2 speaks to @gabrielclarke05 post match pic.twitter.com/eA2Wyp8HpR— ITV Football (@itvfootball) July 11, 2018 I’m still heartbroken and never felt so gutted. But there’s something I want to say. This past month, I’ve seen videos going around, photos been sent to me. That felt so good for us here in Russia, and united us more and more, just like it did in our country. pic.twitter.com/6pY10XaXZq— Kyle Walker (@kylewalker2) July 12, 2018 “We needed the next goal to kill off the tie.”– @JPickford1 spoke to @gabrielclarke05 after @England’s defeat to Croatia pic.twitter.com/QuOJ5Z4D0k— ITV Football (@itvfootball) July 11, 2018 Devastated to not be coming back here for the final on Sunday but this is just the beginning for this squad! To each and every @England fan, the support has been incredible and we can’t thank you enough! #ThreeLions pic.twitter.com/BvKvO9AWVL— Jack Butland (@JackButland_One) July 11, 2018 “We gave everything, we defended with our lives, unfortunately it wasn’t enough.”– @JHenderson spoke to @gabrielclarke05 after @England’s exit from the #WorldCup pic.twitter.com/qtN2grj1Xk— ITV Football (@itvfootball) July 11, 2018last_img read more