Domicile Wars: “Quality over quantity” for Vermont, recruitment continues for captive expertise

• Twenty-two new captives formed in the first half of 2023
• Captive owners praise “great vibe” of regulatory environment and collaboration
• Experience and established rules, regulations provide stable environment
• Increased US domicile competition hasn’t dampened Vermont activity

Vermont is not resting on its laurels having recently taken top spot for number of active captives, with a focus on “quality over quantity” and a continued recruitment drive both within the regulator and across the local industry.

According to Captive Intelligence’s data on the number of captives in each major domicile, at the end of 2022 Vermont had reached number one with 639 active captives at year-end.