every meeting request that I have ever
put forward to them. That is quite
extraordinary and speaks volumes
to their commitment to Vermont’s
captive insurance industry.
R&I: What accomplishments are
you most proud of?
I am proud of our collective work
and despite all the competition,
Vermont still maintains its top
position. I think I am most proud
that for 17 years I was still passionate
about my work, my colleagues and
I am also proud to be recognized
alongside my colleagues Dave
Provost, Sandra Bigglestone and
former colleague Len Crouse, in the
“Power 50” ranking. The “Power 50”
recognizes the most influential and
powerful individuals in the global
captive insurance industry as voted on
by industry peers.
R&I: What are some of the more
nagging misconceptions about
Our industry collectively needs
to better tell the story about why
we form captives and how they
benefit their companies. We need
to effectively communicate how
improving risk management is the
primary driver and how having a
captive can help a company better
manage their overall risk. Forming
a captive can help prevent losses and
saves a company money and they can
reinvest their savings into preventing
future losses. That is what needs to
be shared more consistently.
R&I: What are some emerging
or dynamic risks that companies
might want to be looking to
captives to manage?
Any hard to place line of coverage
R&I: If you had one piece of
can be a risk that fits in captive
insurance. Especially if they have
limited availability, high cost and
many exclusions. Things like cyber
and medical stop loss are risks we are
seeing more interest in going into
advice for your successor in
Vermont, what would it be?
Stay the course. Our basic strategy
has not changed over the last 36
years. That’s been to license quality
companies and regulate them in a way
commensurate with their risks.
My other piece of advice is to only
chase quality, not sheer numbers and
to stay true to the brand. It has served
us well during my 17 years, and I
expect will continue to serve us well
for the next 17. &
Dan Towle will begin his new role
as president of the Captive Insurance
Companies Association on April 24.
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Jeff Kenneson 802-578-5755
STRATEGY | INNOVATION | EXPERTISE www.rqih.com