Sandy Bigglestone, deputy commissioner of Vermont’s Captive Insurance Division, will become acting commissioner for the State’s Department of Financial Regulation (DFR) from 1 January.
Governor Phil Scott has named Bigglestone following the retirement of incumbent Commissioner Kevin Gaffney.
She will continue to oversee the captive insurance department, which she has led since succeeding Dave Provost in 2022.
“I’m honored to step up to serve the Department knowing that we have a robust team in the Captive Division to continue business as usual,” said Bigglestone.
“We continue to provide the highest quality of regulation at the speed of business for Vermont’s captive insurance companies.”
She has served the Captive Insurance Division for more than 25 years, with the appointment highlighting the high importance of captive business to the State as well as the high regard Bigglestone is held in.
“Sandy’s extensive experience and strong leadership make her the perfect person to lead the Department as we head into the New Year,” said Commissioner Gaffney.
“The deep bench within the Captive Insurance Division ensures this change will have no impact on Vermont’s captive insurance industry. This will be a smooth transition and I thank Sandy for stepping into this role.”
Gaffney has served as commissioner of the DFR since 2022.