Upcoming VCIA roadshow hailed as great opportunity
The Vermont Captive Insurance Association (VCIA) has announced more details of its biannual “Road Show” educational event on March 27th in Burlington, Vermont.
The event, tailored to prospective captive insurance companies, has been hosted in over 20 cities, including internationally in Mexico City. The format includes two parts, the first being a deep dive into the basics of captive insurance and the benefits of domiciling in Vermont, and the latter featuring three captive owners sharing their formation story. Captive owners include two Vermont-based organisations, University of Vermont Health Network and employee-owned multinational manufacturing company, Carris Reels, Inc., and one Missouri-based multinational construction company, Alberici Corporation.
“This event is a great opportunity for Vermont businesses dealing with an insurance challenge to consider captive insurance as a possible long-term solution,” said Vermont Governor Phil Scott. “Vermont is the centre of excellence for the industry, and it is important for Vermont employers to know that captive insurance could save them money, give them greater control, and ensure stable access to coverage during volatile times.”
“We have 659 active captive insurance companies licensed in Vermont and few of those companies are headquartered in Vermont,” said captive insurance economic development director Brittany Nevins. “Vermont companies have the benefit of having world renowned expertise right here in our state and it’s important that we educate here whenever possible as it could have great benefits to local companies and organisations that could have a ripple effect on our economy.”
“We haven’t hosted this event in 7 years, and we look forward to educating Vermont and the region about captive insurance,” said Kevin Mead, chief executive of the VCIA. “We hope Vermonters will also consider attending our annual conference August 12-14, which will bring in over 1,000 captive insurance professionals from around the world, with many engaging panels on a variety of captive insurance topics.”
The event will take place on March 27th at the Hilton Burlington Lake Champlain Hotel in Burlington, Vermont from 1:00 - 5:30PM. A networking reception is included. The registration fee is $35 for VCIA members and $50 for non-members. Students are invited to a luncheon prior to the event at no cost. For more information and to register for the event, please visit www.vcia.com.
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