CICR comment: Our editor emeritus, Mr. Rosenbaum, finds that the Greenguard (GG) program is the first really new development in the captive business sector to come along for a long time. He interviewed Chris Kramer, managing director of Green Mountain (GM) Sponsored Captive Insurance Company, to bring additional details to the recent public press announcements about GG.
Burlington, Vermont, January 7, 2020 – Green Mountain Sponsored Captive Insurance Company, Inc., one of Vermont’s largest independent protected cell captive insurance companies, today announced the launch of its innovative group captive profit center program, Greenguard, for owners and providers of multi-family properties. The program is designed to ensure tenants have adequate liability coverage and to provide protection for their personal assets while also generating income for property owners/managers for their efforts to market and administer the program.
Green Mountain Sponsored Captive Insurance Company, Vermont’s largest independent rent-a-captive, is sponsoring a series of webinars on Protected Cell Captives (“PCC”). This webinar will focus on medical stop loss and includes an actual user of a cell captive for medical stop loss, that allows small and mid-size employers to self-fund their medical and dental plans. The presentation will include a summary of how to begin the process of organizing an employee benefit program using a captive.
Join VCIA and your peers in Atlanta, Georgia on February 6th for an afternoon of captive insurance education on the "Strategic Advantages of Captives" followed by a reception perfect for networking with other captive professionals.
This session will focus on the basics of captive insurance companies; the reasons for formation, the feasibility process and key issues in putting a successful captive program together. Attendees will gain an understanding of the cost structures associated with captives and the capital requirements. A brief overview of the Vermont domicile will also be discussed.
VCIA Captive Insurance Road Show in Atlanta:
DATE: February 6, 2018
TIME: 1 pm–2:30 pm (Part 1)
2:45 pm–4:15 pm (Part 2)
4:15 pm–5:30 pm (Reception)
COST: Members: $35 Non-members: $50
LOCATION: The Westin Atlanta Perimeter North
7 Concourse Parkway NE Atlanta, GA 30328
CPE/CLE Credit available for participation!READ MORE REGISTER ONLINE
Chris Kramer discusses his new role at Green Mountain, plans for the company’s expansion and opportunities it can offer existing and potential clientsREAD MORE
Over 1,000 companies have already realized the advantages of captive insurance operations licensed in Vermont. In fact, for several years now, Vermont has ranked as the number one captive domicile in the United States and the number three-ranked domicile internationally.
Vermont’s success to date can be attributed to a combination of factors, not the least of which is the ongoing leadership of Vermont’s Governors, both past and present, and both houses of the State Legislature who continue to uphold Vermont’s longstanding tradition of providing solid support for this state’s captive industry. This fact ensures that as captive industry needs change, captive legislation in this state evolves and is further enhanced with timely and meaningful changes made to Vermont captive law.
Vermont continues to be recognized as a quality domicile by captive owners, brokers, regulators, and others in the industry due to its high level of professionalism. An ever-increasing number of companies are further recognizing Vermont as their captive insurance domicile of choice.
Managed by Strategic Risk Solutions, Vermont’s leading Captive Management Firm all Green Mountain clients are guaranteed a level of service that is second to none.
Providing a full range of captive management services in the formation of captives and their on-going operation, SRS services are tailored to fit the individual needs of our clients. We enforce a strict peer review process to ensure the accuracy and quality of our work including an annual stewardship report detailing our activities during the year.CONTACT US