The Vermont Department of Banking, Insurance, Securities and Health Care Administration reported it licensed 39 new captive insurance companies in 2009, bringing the total of number of Vermont licensed captives to 878. The new captives included 28 pure captives, 5 risk retention groups, 4 special purpose financial captives, 1 sponsored captive and 1 industrial insured captive and represented a broad range of industries, including healthcare, financial services and construction. The new Vermont captives formed in 2009 included Comcast, Morgan Stanley, Swiss Re, Turner Construction, Centra Health and Carilion Clinic.

Vermont is currently the largest captive domicile in the US and third largest in the world.

Click here to view the official press release.