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Roger Phelps
22 February 2022ILS

VCIA’s Smith pays tribute to early innovator


Vermont Captive Insurance Association (VCIA) president Richard Smith has paid tribute to Roger Phelps, who recently died. Phelps was one of the “founding fathers” of Vermont’s captive insurance industry,  Smith wrote.

Phelps was a former president of Alcoa’s captive, Three Rivers Insurance Co, with it from its beginning in 1983 – only the eight captive licensed in Vermont.

“Three Rivers is one of the few parent companies with a captive employee intentionally located in Vermont,” Smith wrote.

Phelps was an active participant in the VCIA and created its first logo. In 2000 he won the VCIA’s Industry Service Award.

“Our hearts go out to his family and friends and the many people he touched in the captive community,” Smith added. “He influenced many.”


More on this story

ILS
24 February 2022   Regulators and industry experts will present.

More on this story

ILS
24 February 2022   Regulators and industry experts will present.