Vermont sees growing interest from firms in Europe

Vermont is seeing a steady increase in interest from European corporations seeking a stable domicile for their captives, Sandy Bigglestone, deputy commissioner of the Captive Insurance Division at the Vermont Department of Financial Regulation, has said.

Speaking to sister publication Captive Review ahead of the European Captive Forum, where she will appear on two panels on the first day, Bigglestone said: “Over the last few years, Vermont has licensed nine new captive insurance companies from foreign countries outside the US, including three from European-based ownership. Two European-based corporations formed Vermont captives in 2025, and we have had a few prospective captive meetings with European companies seeking to form captives.”

As of the third quarter of 2025, Vermont is home to a total of 47 captive insurance companies with European corporate ownership. The majority of these are from the UK, Germany, and the Netherlands — nations with deep-rooted insurance traditions and a sophisticated understanding of risk management.

European firms are not only drawn by Vermont’s longevity but also by its reputation for consistency and regulatory maturity, Bigglestone noted.

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