As we previously reported here, Leonard Crouse, long time Vermont Deputy Commissioner of the Captive Insurance Division (the “Division”), is set to retire from his post on June 1, 2008. On February 29, 2008, the Vermont Department of Banking, Insurance, Securities and Health Care Administration issued a press release announcing that David F. Provost, assistant chief examiner in the Division, will succeed Crouse as the Division’s Deputy Commissioner.

Provost has worked in the Division since 2001 and has a total of 18 years of experience in the captive insurance industry. Before joining the Division, he worked for AIG Insurance Management Services, Sedgwick Management Services (U.S.) Ltd. and Johnson & Higgins Services Inc. Provost has also served as Treasurer of the Vermont Captive Insurance Association.

To view the official press release, click here.