Advantage Insurance has opened a Vermont office and sponsored a new protected cell Captive Insurance company, Advantage Insurance of Vermont PCC, to support its growing Captive Insurance service business within the Vermont domicile.
Les Boughner, Chairman of Advantage’s Business Insurance division, said; “Our new Vermont presence complements our existing operations in Arizona, Grand Cayman, Puerto Rico and South Carolina and confirms our commitment to providing clients with access to a full range of domicile choices and Captive Insurance structures.”
Advantage’s Vermont office is led by Christina Kindstedt and Sandra Griffith, both of whom have extensive management experience for Vermont Captive Insurers.
Walter Keenan, Advantage’s Chief Executive Officer, added; “Vermont has a well-deserved and longstanding reputation as the leading Captive Insurance domicile in the United States.
“We thank the Captive Insurance Division of the Vermont Department of Financial Regulation for their support for our entering the state, and we look forward to the success of our clients who choose Vermont as their Captive Insurance home.”
Advantage added that it expects to hire additional experienced professionals in Vermont to support growth in line with growing numbers of clients and overall business volume.
