New captive director appointed at Vermont’s DFR
Vermont’s Department of Financial Regulation has announced that examiner-in-charge Jim DeVoe-Talluto has been promoted to assistant director of captive insurance, effective immediately.
DeVoe-Talluto will fill the role previously held by Christine Brown, who was recently promoted to director of captive insurance of the Captive Insurance Division.
“We’re committed in Vermont to maintain quality regulation and a stable environment for captives to thrive. Promoting Jim to the Assistant Director role is another example of our commitment,” said Sandy Bigglestone, deputy commissioner of Captive Insurance. “It made sense to round out our leadership team once again from within. Jim is kind, inquisitive, and is always willing to provide a fresh perspective. I look forward to what’s to come with this great team and all the staff that support this important work in the Division.”
DeVoe-Talluto has been with the captive division since 2004, has served as examiner-in-charge for 17 years, and was an examiner/analyst prior to that. Prior to joining the division, he spent three years in public accounting and captive management and served for the last two years as the chair of the Risk Focused Surveillance Working Group, an internal team that reviews NAIC guidance and presents updated guidance and procedures to the Department to ensure compliance with NAIC Accreditation requirements.
“Jim is an extremely respected member of our regulatory team and is a pleasure to work with. He has built many valued relationships within the Vermont captive insurance industry over the years with his inquisitive and helpful nature, and we expect he will broaden these relationships in his new role,” said Brown. “Jim has deep knowledge and perspective to bring to the licensing team and we are thrilled to welcome him.”