As Vermont Captive Insurance Association (VCIA) marks its40th anniversary, we at M&T Bank and Wilmington Trust are proud to reflect on our long-standing partnership with the association and celebrate its transformative impact on the captive insurance industry in Vermont and beyond.
Since its founding in 1985, VCIA has been a cornerstone in establishing Vermont as the Gold Standard for captive insurance. Through visionary leadership, regulatory innovation, and a steadfast commitment to its members, VCIA has not only shaped Vermont’s reputation as a global captive hub but also fueled significant economic growth within the state.
VCIA’s Impact on Vermont and Beyond
Over four decades, VCIA has cultivated an environment where captive insurance companies can thrive. By advocating for progressive legislation, fostering industry collaboration, and providing top-tier educational resources, the association has positioned Vermont has a global leader in captive insurance. The state’s favorable regulatory environment, backed by a knowledgeable and experienced Department of Financial Regulation, continues to attract captive formations from around the world.
Beyond its impact on the regulatory landscape, VCIA has had a significant economic and professional influence on the state. The captive insurance industry has created jobs for legal and financial professionals, captive service providers, and government officials, contributing to a thriving professional services ecosystem in Vermont. Local business, hotels, and venues also benefit from the association’s activities, particularly through VCIA’s highly regarded annual conference, which draws thousands of industry professionals from around the world to Vermont each year. This event remains the premier platform for networking, innovation, and knowledge sharing, fostering connections that drive progress across the industry.
M&T Bank and Wilmington Trust: A Proud Partner in Growth
At M&T Bank and Wilmington Trust, we have been privileged to play a vital role in supporting the growth and success of Vermont’s captive insurance industry. For decades, we have provided comprehensive financial solutions tailored to the unique needs of captive owners and managers, including cash management, trust services, and investment solutions.
Our deep understanding of the captive landscape and commitment to building strong relationships have allowed us to partner closely with VCIA members, helping them navigate evolving market dynamics and achieve their strategic objectives.
Looking Ahead: Continuing the Legacy
As we celebrate this remarkable milestone, we are excited about the future of the captive insurance industry in Vermont. The foundation laid by VCIA over the past 40 years positions the state to remain a leader in the global captive market.
We look forward to continuing our partnership with VCIA and its members, providing the financial expertise and solutions that will support innovation, resilience, and growth for decades to come.
A Heartfelt Congratulations
On behalf of M&T Bank and Wilmington Trust, we extend our deepest congratulations to VCIA on this momentous occasion. Thank you for your dedication, vision, and leadership in shaping Vermont’s captive insurance industry. Here’s to the next 40 years of success and collaboration!
If you would like to learn more about our financial solutions for the captive insurance industry, please contact our team. Together, we can continue building a vibrant and thriving captive community in Vermont and beyond.
Ian Davis
Senior Vice President, Captive Insurance
M&T Bank
Mike Ramsey
Senior Vice President, Insurance Collateral Solutions
Wilmington Trust
Mary Alice Avery
Managing Director, Global Capital Markets
Wilmington Trust
