Vermont's Captive Insurance Industry Posts Strong Numbers for 2018; First Affiliated Reinsurance Company (ARC) Among New Class of Captives
Vertex Pharmaceuticals Incorporated (VRTX)
Last vertex pharmaceuticals incorporated earnings: 4/29 04:01 pm
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Source: PR Web
MONTPELIER, Vt. (PRWEB) January 08, 2019 The State of Vermont licensed 25 new captive insurance companies in 2018, according to data released by the Department of Financial Regulation. The new licenses were made up of 12 pure captives, 4 risk retention groups (RRGs), 3 sponsored captives, 2 industrial insured captives, 2 special purpose financial insurers, 1 branch captive and 1 affiliated reinsurance company (ARC). The newly formed ARC is the first of its kind and comes less than a year after Vermont passed legislation establishing this new type of captive structure. "I am extremely proud of the outstanding performance of our captive team and the leadership that Vermont continues to deliver for this industry," said Governor Phil Scott. "2018 proved to be another great year for captive insurance in Vermont." The new captives were licensed in healthcare, insurance, retail, manufacturing, professional services, real estate, entertainment and energy. Vermont continues to see strong gro
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VRTX
Earnings
- 2/5/24 - Beat
VRTX
Sec Filings
- 4/17/24 - Form 4
- 4/16/24 - Form PX14A6G
- 4/11/24 - Form SC
- VRTX's page on the SEC website