VCIA illustrates resilience amid adverse weather

The Vermont Captive Insurance Association (VCIA) 2023 annual conference, despite an inauspicious start due to inclement weather, has demonstrated remarkable success, according to VCIA President Kevin Mead.

Despite heavy rain leading to the cancellation of VCIA's annual golf contest, Mead revealed a silver lining: diverted resources, initially meant for the event, will aid a housing dislocation charity. Adverse weather also compelled Vermont Governor Phill Scott to cancel his keynote due to the regional turmoil.

Addressing attendees, Mead lauded VCIA's progress since the previous year, noting the vibrant captive market and Vermont's leading role therein. The event's achievements were attributed to dedicated efforts, from VCIA staff to support from the Department of Economic Development and the Department of Financial Regulation.

The sold-out exhibit hall underscored the conference's popularity, drawing over 1,000 attendees, with final numbers expected to be unveiled later. The committees' contributions and novel initiatives, such as student sponsorships, were acknowledged for nurturing the next generation of captive industry leaders.

Mead emphasised the symbiotic relationship between VCIA and the Vermont State Legislature, marked by robust communication and mutual outreach. Despite the tempestuous beginning, VCIA's resilience and achievements have shone through the stormy weather.