Annual Conference Session Details

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02. 40 is the New Gold Standard: History of VT Captives (Basic)

Date: 2021-08-10T00:00:00-04:00 Time: 10:30am-11:20am

Learning objectives: Upon completion of this session, attendees will be able to:

- Explain some of the external forces which prompted growth and development of captives in Vermont
- Describe the history of the Vermont captive industry

- Cite some pivotal milestones and those people that helped promote captives in Vermont over 40 years

 

Level: Basic

Prerequisite: None
Field of Study: Specialized Knowledge 
 

Coordinator & Co-moderator: Elizabeth Steinman, Aon

Content Advisor: Derick White, Strategic Risk Solutions
Co-moderator: Jeff Johnson, Primmer, Piper, Eggleston & Cramer
 
 

Vermont is celebrating its 40th year as a captive domicile. Join the moderators as they review the historical timeline and the evolution of the Vermont captive industry and discuss the external forces that were present prompting certain changes and developments to the Vermont captive landscape alone the way. Key contributors will be interviewed in conjunction with discussion of key milestones that helped shape the Vermont captive industry into the Gold Standard it is today. Hear the history by those who made it while learning the key drivers and developments that were the building blocks of the third largest domicile in the world.

 

1 NASBA CPE/VT CLE/CRE CREDIT

Scheduled Speakers:

Jeffrey P. Johnson, Esq.

Jeff Johnson is an attorney at Primmer Piper Eggleston & Cramer PC. concentrating his practice in the areas of legislative and regulatory representation of insurance companies (both traditional and captive), banks, securities firms and individuals working in the financial services industry. Jeff's practice also involves a wide variety of corporate law issues for financial service companies, including corporate formations, ongoing annual representation, participation in shareholders' and directors' meetings and dissolutions. He has been involved on behalf of insurers in insurance solvency proceedings. In addition, his practice includes representation of clients in administrative law proceedings with the Vermont Department of Financial Regulation (formerly Banking, Insurance, Securities and Health Care Administration). Jeff received a Bachelor of Arts in History from SUNY at Cortland in 1975 and graduated cum laude from Vermont Law School in 1982.

Elizabeth Cain Steinman, ACI, CGMA, ARM, CPA, CPCU

Liz is the Managing Director of Aon’s Risk Finance & Captive Consulting group with over 30 years of experience in the alternative risk insurance industry as a buyer and provider of risk management services. She has been employed by the Archdiocese of New York as Director of Risk Management and Insurance, she established the captive management operations in the US for HSBC and ran the business, she managed captive insurance companies with Johnson & Higgins, was a risk financing underwriter for AIG and an audit & tax manager at KPMG. Liz is a Vermont-licensed CPA and a Fellow in Captive Insurance issued by the International Center for Captive Insurance Education.