Make Sure Your Register Because This Is The Last Call for #VCIA2022 Early Bird Rates!

The Vermont state bird is the Catharus guttatus, more commonly known as the Hermit Thrush. However, the VCIA organizational equivalent is Primo Avis Mandare, for those not up on their Latin–the Early Bird! Leaving just as the Hermit Thrush arrives for its summer visit, the Early Bird’s call is ‘cheaper, cheaper!’ If you’re not quick you will miss its beautiful song because this seasonal visitor departs in just 6 days, having been seen by over 500 people. Primo Avis Mandare is certainly not shy and likes all kinds of attention, so grab your bird call whistle and binoculars and make sure you register for the 2022 VCIA Conference before the clock strikes midnight on Friday July 1st when Early Bird migrates away! I suggest you dally no longer and secure your spot at the captive industry’s biggest and best summer conference by booking your attendance via this link. 

The early bird gets the worm, or in #VCIA2022’s case, gets the best registration rates, which end June 30th!

VCIA’s 37th Annual Conference–our first in-person in 2019–promises to be an outstanding week of special events, productive networking, and, I’m not afraid to say it, the best captive education you’ll find on the planet.

The variety and depth of sessions, all incorporating the latest trends, emerging risks, and legal contexts, form the foundation of #VCIA2022. You will discuss captives and collaborate on ideas related to climate change, social inflation, tax developments, InsureTech (to name just a few). Simply put, nothing can match that experience without being on the ground in Burlington, Vermont the week of August 8th. Hundreds of captive professionals tend to agree with my perspective. We have attracted a strong crowd to register for the conference already, and we expect our current 500+ count to surge as the expiration of the discount approaches. 

Make memories at #VCIA2022. Register now to secure your early bird rate!

A major focus of mine as the new VCIA president is value. What value has VCIA brought to its members and stakeholders in the past and how can I improve upon that? I meet with people and companies on a regular basis to hear their needs and understand how VCIA can help. In the same way, #VCIA2022 is all about value. We’ve built into a week’s schedule as much as quality possible so you benefit from the value of the finest captive educational content and networking opportunities.

#VCIA2022 is all about value. We’ve built into a week’s schedule as much quality as possible so you benefit from the value of the finest captive educational content and networking opportunities.

VCIA President Kevin Mead

Don’t just take it from me. Dozens of talented captive professionals have been working hard for months to produce something special. I refer to the Conference Task Force and VCIA’s Director of Education and Programming Diane Leach. The 2022 Chair of the Conference Task Force, Ian Davis, Senior Vice President, Captive Insurance Relationship Manager at People’s United Bank, realizes the anticipation for #VCIA2022 is growing and can’t wait to share the fruits of our team’s labor. “We know how much it means for the industry to get together and you will see that on full display at the conference, guaranteed. We’ve designed the conference to emphasize engagement, to explore important ideas and how they can benefit our companies, and to celebrate how we all are moving the captive world forward.”

I for one am proud as hell for all the blood, sweat, and tears we’ve put into our Annual Conference. I’m also super excited. Together with some of you, this will be my first VCIA Conference, and I am really looking forward to being able to start and build relationships and connections that will mutually benefit the VCIA and the entire industry.

First step? Spot the early bird and register today! See you sooner than you think!

The Wise Triumvirate: Janice Valgoi, Peggy Companion, Diane Leach advancing VCIA’s mission and strengthening the captive industry

A Director of Finance, Director of Membership, and Director of Education walk into a bar…jokes aside, Peggy Companion, Janice Valgoi, and Diane Leach have been central in building the high reputation and strong impact of VCIA. What drives them? A deep admiration for the good-natured people in the captive industry.

Along with industry-leading educational sessions and curated networking events, VCIA’s 37th Annual Conference is simply going to be blast. It will be a productive AND enjoyable time—guaranteed. That said, I have a couple of fun “branding” initiatives up my sleeve (after all, this will be my first conference as VCIA president, so I want to make it memorable!). Staff trivia will be one of them. Here’s our final staff spotlight, a tripleheader!, on the three smart and experienced women that are vital to VCIA’s success. Read up on all of our staff so you can get to now us a bit better before our big summer event. We’ll pose some staff questions at the conference and if you get them right you could win a nice little gift!

Director of Education Janice Valgoi

Janice in her happy place on Lake Champlain

Since 2012, Janice Valgoi has brought many smiles to people in the captive industry. She takes great care in fostering relationships with people and companies, and works attentively in setting up sponsors for the annual conference while managing member needs throughout the year. Something you may not know about Janice, she used to be a serious synchronized swimmer, doing routines in the water and getting chewed up by Canadian geese. She loves dancing whether on land or sea!

Naturally her mind focuses on the conference this time of year, and when asked about what she’s excited about, she has a difficult time choosing. “To be honest I’m excited about everything! It’s very fulfilling to see everyone benefit from the conference. I think we give sponsors and exhibitors a really great value. There’s nothing better than bringing everyone together and that’s what the 2022 conference will be like. The VCIA staff has worked so hard to put it all together and make it a wonderful experience. It’s a very cool high to complete it!”

Director of Finance Peggy Companion

Peggy enjoying the view

Four weeks into Peggy’s tenure at VCIA the office flooded. Her room was the only part of the floor that didn’t get damaged, and so she stayed in the building while everyone worked remotely. It was quite the initiation. She had just finished an accounting degree after juggling many jobs and working as a single mother. Before graduating, her teacher came to her and said, “I am going to change your life today.” He was neighbors with then VCIA president Molly Lambert and set up a meeting for Peggy with her. Peggy hasn’t looked back (minus the flood!) since.

Raised in Long Island, Peggy has lived in many places: Louisiana, Connecticut, Florida, the list goes on! Her work with VCIA comes back to the people she serves and connects with. “The staff, the industry, they are all lovely, supportive, intelligent people.” She sees this year’s Annual Conference as a great opportunity to witness the positive changes VCIA President Kevin Mead has begun making. “Kevin’s got smart plans and visions for the organization. I’m excited about the pathways he’s creating for VCIA.”

Peggy plays the piano and guitar and wants to brush up on her skills. She sails and golfs when she can, but there’s something else. “Peggy’s hidden talent is that she can be a professional singer. She has a wonderful sense of humor and sings a perfect show tune,” Diane revealed, to Peggy’s chagrin.

Director of Education and Programming Diane Leach

Diane on the trail

October 2022 marks 35 years of employment for Director of Education and Programming Diane Leach. She’s been with VCIA literally from the start. “I keep learning something new with VCIA and the captive industry. It’s what keeps me going, this constant evolution of knowledge.”

Diane puts her heart into designing the annual conference. Of course, this year has added significance because it’s the first time since 2019 that it will be back live and in person. She looks at the VCIA Conference as an enormous tool to solve challenges and brainstorm new ideas for the captive industry, and she finds a common theme that will be on display this August. “Change. Change of the guard with the DFR. Change of leadership with the VCIA. Change with hot topics and the incoming generation of captive professionals. This industry responds well to anticipating needs and providing answers to them, and that’s what the conference will be all about.”

If Diane’s not perfecting details for the conference, she’s seeking out a tranquil place on earth. Nature brings her peace, and practicing yoga has kept her more centered as a person. Her best thinking comes out on the trail, or on the mat. She contributes her well being to the support VCIA has provided. “I have always tried to take care of myself and VCIA has encouraged that for all staff.”

I consider VCIA as my third child. And every year that child gets married again and I get to plan a large wedding to celebrate.

VCIA Director of Education Diane Leach

What’s most important to Diane? Being a mother. “My greatest joy is being the mother of my two daughters. I love the work-life balance VCIA provides. To have been a present parent means so much to me. VCIA has been so kind and generous to me and because of that I consider VCIA as my third child. And every year that child gets married again and I plan a large wedding to celebrate.”

The Wise Triumvirate Shaping VCIA for the Better

Summer Conference Registration Opens!

Meticulously planning, securing keynotes and hammering out the schedule, we’ve waited all year for this and now the “gates are opened” for our first in-person conference in three years. We can’t wait to gather with the captive industry’s best and brightest this August in Burlington.

Our 2022 Conference is sure to be a memorable one!

We’re officially launched! Please visit our conference registration page to sign up for the biggest and strongest captive insurance event this summer on the global calendar. No matter your experience level, you will find so much in our conference that will develop you professionally and advance your career. We have a full slate of dynamic educational sessions, curated networking and benchmarking events, and an environment conducive for making business deals. Simply put, you are sure to add to you captive knowledge at the 2022 VCIA Conference, and more than that, it will be a triumphant celebration of the captive industry at large. Be sure to follow the #VCIA2022 hashtag on Twitter and LinkedIn.

I should mention (before I enlist you in another conference prize opportunity!) that I highly recommend booking your hotel and travel flight plans as soon as possible in order to avoid any complications. There are rooms still available at the VCIA group rate, but they are going fast, so head to our conference lodging page and be directed to local hotels who carry our group rate.

I’m a horse racing fan and I enjoy placing some modest bets down when I’m at the track. In that spirit, we are expecting a banner year, and as insurance professionals you are all concerned with risk and the odds that something might or might not occur. So, I introduce you to the VCIA version of ‘How Many Jelly Beans are in the Jar?’  I believe that our total attendance count will be 1,048. Are you taking that over or under? My guess includes exhibitors, staff and all classifications of attendees – i.e. anyone with a name badge! Let me know your number, and if I’m the closest, I will make a $50 personal donation to ICCIE (www.iccie.org), the captive insurance industry’s educational non-profit.  If someone beats me, I will make a $100 donation in their name!  We will, of course, also recognize the best prognosticator! Send your guesses to kmead@vcia.com

Need a little help to formulate your guess? Check out our Conference Attendee page to see who has already registered!

How many people will be in attendance at our conference? Take a guess and email Kevin!

See you in August – if not before! 

VCIA Staff Spotlight: Megan Precourt

The engine that makes VCIA run. Gatekeeper of conference registration. She can do it all and still finds time to do things she loves like hiking up a mountain or helping at her family farm. Meet VCIA’s Administrative Assistant, Megan Precourt

Along with industry-leading educational sessions and curated networking events, VCIA’s 37th Annual Conference is simply going to be blast. It will be a productive AND enjoyable time—guaranteed. That said, I have a couple of fun “branding” initiatives up my sleeve (after all, this will be my first conference as VCIA president, so I want to make it memorable!). Staff trivia will be one of them, so read this staff spotlight on our jack-of-all-trades Megan, and the three that went before her. Every staff member will be covered so you can get to know us better before our big summer event. We’ll pose some staff questions at the conference and if you get them right you could win a nice little gift!

If you’ve ever registered for a VCIA event or made further inquiries about the Association, you’ve probably been in contact with VCIA Administrative Assistant superstar Megan Precourt. Megan manages all facets of webinar, member mixer, and conference registrations, tracking important information for registrants, speakers, and VCIA Director of Education and Program Planning Diane Leach. Especially for our flagship event, Megan’s on the frontline of ensuring that attendees enjoy a smooth process of coming to our Annual Conference; she’ll likely be the first person you see when you come through the conference doors at the DoubleTree Burlington Hotel!

Megan manages all facets of webinar, member mixer, and conference registrations, tracking important information

Megan majored in International Studies at college, so it’s fitting that she’s had the “travel bug” all her life. She studied abroad in Australia for six months and France for a month, enjoying the different landscapes and cultures. After graduating, she even taught English for some time in the Czech Republic. Nevertheless, she cites her family bond as being most important, agreeing with the old adage “never shall I go any further than my own backyard.” She’s a native Vermonter and loves being in a close-knit family, one with agricultural roots. Her grandfather started raising a herd of Black Angus cows that the family continues to care for to this day.

Shelburne Farms and Shelburne Farms Inn…not too far from where The VCIA Conference takes place!

You might wonder, where is Megan’s favorite place in the world? Being a world traveler, might it be somewhere in Bali or Belgium? Nope, much closer! Megan: “my favorite place in entire world is Shelburne Farms. If I had to be in only one spot for the rest of my life it would be there. I’ve worked there at the educational farm barn and in the Inn. It’s a wonderful place to explore and I love the values Shelburne Farms practices.” Besides gearing up for VCIA’s Annual Conference, Megan’s goal in the coming months is to hike presidential range of the White Mountains with her two brothers.

Megan at the top of Rattlesnake Points Cliff in the autumn

Make sure to say hello to Megan at the next gathering! Stay tuned for another staff spotlight soon, and remember to take some notes so you can win a prize at the conference!

Registration opens May 16th!

VCIA Staff Spotlight: Dave Rapuano

Graphic Design extraordinaire. Fluent in all things tech. When he’s not making sure webinars are going smooth, you can find him on the slopes or playing volleyball. Meet VCIA’s Communications Assistant, Dave Rapuano

Along with industry-leading educational sessions and curated networking events, VCIA’s 37th Annual Conference is simply going to be blast. It will be a productive AND enjoyable time—guaranteed. That said, I have a couple of fun “branding” initiatives up my sleeve (after all, this will be my first conference as VCIA president, so I want to make it memorable!). Staff trivia will be one of them, so read this staff spotlight, the two that profiled myself and Francis McGill, and look out for the rest in the weeks to come. We’ll pose some staff questions at the conference and if you get them right you could win a nice little gift!

Dave Rapuano is the VCIA go-to person when troubleshooting a computer issue. An on-his-feet problem solver, he uses his background in digital media to help build a reliable and efficient ecosystem of VCIA’s online presence, whether that be our website, webinars, or the virtual conferences in 2020 and 2021.

An on-his-feet problem solver, VCIA staff member Dave Rapuano uses his background in digital media to help build a reliable and efficient ecosystem of VCIA’s online presence

Dave doing what he loves best!

A Connecticut native, he moved to the Green Mountain State to attend Champlain College and explore the bounty of outdoor activities available in Vermont. Snowboarder? Check. Hiker? Yup. He also coaches a high school varsity volleyball team. And what else? Dave is an avid fly fisherman! Ask where he’s favorite fishing spot is and he’ll tell you, “Camel’s hump way up high on a little creek catching beautiful wild brook trout.”

Make sure to say hello to Dave at the next gathering! Stay tuned for another staff spotlight soon, and remember to take some notes so you can win a prize at the conference!

Registration opens May 16th!

Staff Spotlight: Director of Communications Francis McGill

A newbie gardener. Film, music, and book enthusiast. When he’s not at work he’s probably changing a diaper. Meet VCIA’s Director of Communications, Francis McGill

As we approach the 2022 VCIA Conference, we are going to introduce you to VCIA staff. Of course, many ‘need no introduction,’ but with many new members and after two years away, it won’t hurt. So please get to know Francis. And do please play close attention, we there will be a quiz—I’m serious! At the conference we will ask a few questions about our staff and those who answer them correctly will be eligible to win a prize or two!

VCIA’s Director of Communications Francis McGill

Francis became VCIA’s Director of Communications in January 2022, and he’s pleased to play a role in creatively promoting VCIA values and programs. He’s especially enjoyed e-meeting so many folks in the industry and looks forward to solidifying those relationships come the VCIA Spring Mixer and at the Annual Conference. That captive insurance spans so many industries—from healthcare, to manufacturing and entertainment companies, to higher education, you name it!—has really sparked Francis’s interest in realizing how complex it is to safeguard employees and company property, among other things. Rarely thinking of insurance besides his healthcare and home and auto, he’s impressed now that there are so many different kinds that captives cover!

Francis has enjoyed e-meeting so many folks in the industry and looks forward to solidifying those relationships come the VCIA Spring Mixer and at the Annual Conference.

In his home life, Francis enjoys living in the “country” up near the Green Mountains with two cats, his wife, and their 6 month old son, Herschel. Francis and Charlotte are first time parents and have experienced the range of emotions that parenthood brings, from the tremendous excitement of seeing their boy roll over for the first time, to the tremendous fatigue of waking in the middle of the night to feed him, and then starting the day off bright and early at 5:30am. Herschel is their pride and joy, and yes, the cats are getting used to him, somewhat.

Francis lives somewhere up that road!

Fun facts about Francis

  • He and his wife grow vegetables in a greenhouse on their property; they are currently harvesting delicious spinach that overwintered
  • The last film he saw that made a powerful impression on him was The Power of The Dog, partly because of the cinematography and partly because of the amazing soundtrack (done by Radiohead’s Johnny Greenwood)
  • He reads for pleasure during the few minutes of free time he might have at the end of the day. He subscribes to Harper’s magazine and loves its high-quality writing. Especially for finance and insurance people, he recommends this fascinating and funny profile on the Bitcoin scene in Miami

All in all, communication matters most to Francis—how we share and what we share. He greatly appreciates that his role at VCIA allows him to learn so much about captive insurance while wordsmithing and designing communications in all kinds of forms that compel people to connect with and participate in the VCIA mission.

Make sure to say hello to him at the next gathering! Have an idea or want to just drop him a line? Email Francis at fmcgill@vcia.com. Stay tuned for another staff spotlight soon, and remember to take some notes so you can win a prize at the conference!

Registration opens May 16th!

A Busy and Productive Week with VCIA

Captive Roadshow and Hot Topic Webinar Major Successes on Back-to-Back Days

2022 brings a wealth of enthusiasm and optimism not only for VCIA but for the entire captive industry. The major cause of this excitement derives from the simple fact that we are all getting together again. Catching up. Building out networks. Collaborating on new ideas. The possibilities are endless when we’re all in the same room. (Which is why we’re so thrilled to bring back our conference this August!)

It’s no small feat then, that this week VCIA’s returned with its first in-person Original Captive Roadshow since November 2019!  In Indianapolis on Tuesday an audience of over sixty professionals listened intently and asked great questions as a panel of Vermont industry experts (Sandy Bigglestone, Dave Provost, Brittany Nevins) enjoyed a captive conversation facilitated by Hylant’s Anne Marie Towle. The Vermont team outlined the process and structures of captives in Vermont and why captives can thrive in the Green Mountain State.

2022 brings a wealth of enthusiasm and optimism not only for VCIA but for the entire captive industry. The major cause of this excitement derives from the simple fact that we are all getting together again.

Following that, two captive owners Valynda Laird and Will Lehman explained their business case and development of their own entities that have done so well due to captive formation.  The feedback was very positive and we are already deep in planning for the next two. The Big Apple just might be seeing our Roadshow before the year lets out.

A great turnout it Indy

Not forgetting our Hot Topic Webinar series, the very next day our March webinar had a similar number of attendees for a great session on Strategic Planning for Captive Optimization and Future Success. Many thanks to the erudite panelists, and the State of Vermont’s own Christine Brown who moderated the talk.

These events and others, both online and in-person, have served us well as we identify in-demand topics and exceptional presenters for our August 2022 conference. We are about 6 weeks away from registration, but you can get a ‘sneak peak’ of the entire schedule and sign up for more info at VCIA.com.

Cheers to you, captive learning, and captive collaboration. Happy spring!

Announcing the 2nd Keynote Speaker for our August Conference

Enjoy political thrillers? Then you will need to hear from Michael Weidokal, founder of International Strategic Analysis, at the VCIA Conference!

These days, it’s an understatement to say global geopolitical stability is being challenged—look no further than Ukraine. I often find it difficult keeping up with intricate and sometime disparate elements that bear consequences not just worldwide, but at home. Which is why I’m proud to announce that VCIA has secured a second keynote speaker for our conference in August—Michael Weidokal, founder of International Strategic Analysis, and a shrewd economic and political forecaster. His lecture will be timelier and more relevant than ever.

Founder of International Strategic Analysis and VCIA Conference Keynote Speaker Michael Weidokal

I’ve used Michael as a speaker three times in my career, and I kept coming back to him because he consistently received top marks from audience feedback. I think what makes him so effective is his facility at explaining and distilling global structural challenges, their historical backgrounds, and their potential economic fallout. To put it in a nutshell: Michael combines economic theory and geopolitical situations, rendering them into a real-life political thriller, all the while predicting, with sufficient evidence, how they impact you and your business. You will be both intrigued and informed—hallmarks of a successful and worthwhile keynote address.

Michael combines economic theory and geopolitical situations, rendering them into a real-life political thriller… while predicting… how they impact you and your business.

His deeply researched and vetted lecture, “Global Economic and Risk Outlook,” draws interest from many different industries and conference circuits. According to Michael’s website, the general theme of his speech investigates “factors that are driving or hindering economic growth in the United States and in all of the world’s major economies.” Utilizing the latest data and current events, Michael will provide VCIA Conference attendees “an in-depth analysis of all of the important issues and trends that will impact their activities in domestic and international markets, both in the year ahead and over the long-term.”  

We can’t wait for you to meet Michael Weidokal, and he’s excited too. Learning that our conference is the premier event of the captive industry, he added to me in an email, “I very much look forward to speaking at this year’s VCIA conference!”

Don’t forget he’s the second of two outstanding keynote speakers we now have. The inimitable Admiral Michelle Howard, the first woman in the U.S. Navy’s 236-year history to be promoted to four-star admiral who achieved the second highest-ranking in the service, will share her experiences and insights on national security, leadership, risk, and much more.

VCIA’s 37th Annual Conference Distinguished Keynote, Admiral Michelle Howard

If these two won’t get you to come to our first, in-person conference in three years, what will? I guarantee you amazing and topical presentations, plus wonderful networking and business development opportunities.  I also guarantee you the pleasures of summer in Burlington, Vermont—stunning views of Lake Champlain, the festive atmosphere of Church Street, and quick access away to the lush Green Mountains and the great outdoors. A perfect destination for you and your family.

Registration opens May 16th.

Water, Sun, Mountains, and Captive Insurance…

The Results Are In

You all saw it coming. The number of captives licensed in Vermont last year eclipsed 2020 – already a banner year. Sure, almost every captive domicile had a good year, but even with over 40 states establishing captive laws, Vermont stands head and shoulders above.

Here are the hard numbers: Forty-five new captive insurance companies were licensed this past year in Vermont, making 2021 Vermont’s 4th highest year of growth in its 40-year history. Vermont is now home to 620 licensed captives, consisting of 589 active and 31 dormant captives. Vermont’s 52 sponsored cell captives currently host nearly 500 cells and separate accounts, in addition to the licensed captive companies.

The new captives were licensed in 17 different industries, the main industries being healthcare, real estate, manufacturing, insurance, and transportation. At least 5 of Vermont’s new captives in 2021 were formed by companies with international roots, including Japan, Germany, Russia, the United Kingdom, and Australia. Vermont has been experiencing growth in the number of new cells within sponsored captives, at a similar pace as new company licenses, with nine of the 45 new companies formed this year being sponsored cell companies.

Vermont has licensed a total of 1,242 captive insurance companies since 1981 and remains, by far, the largest U.S. domicile for captive insurance and third largest in the world. With an active pipeline of prospective new captive insurance companies already underway for 2022, the state expects continued growth in the coming year.

Thank you and I look forward to hearing from you.

Rich Smith
VCIA President

Happy Holidays!

As we close out the year it is a great time to reflect on the last 12 months – or longer. It certainly has been a challenging year for all of us, but I can say without reservation how grateful I am to have been a part of this great industry for the past 12 years.

The friends I have made as head of VCIA are amazing. All of you have made my job joyful which is not something everyone can say, I know. You all know how fabulous the folks who work in the captive insurance space at the State of Vermont are – truly a pleasure to work with Dave Provost, Sandy Bigglestone, Dan Petterson, Christine Brown, Becky Aitchison, and Brittany Nevins.

VCIA’s Board of Directors day in and day out have provided their time, energy, guidance, and friendship through a year where they had to face many challenging decisions. My thanks to Andrew Baillie, Donna Blair, Joe Carter, Lawrence Cook, Tracy Hassett, Stephanie Mapes, Gail Newman, Jason Palmer, Dennis Silvia, Anne Marie Towle, and Derick White.

And to work with the great staff at VCIA in these tumultuous times has shown me just how wonderful they all are. Thank you so much Diane Leach, Elizabeth Halpern (who leaves us at the end of the year – sniff), Peggy Companion, Janice Valgoi, Dave Rapuano, and Meg Precourt for everything!

Even in these uncertain times, we are looking for a brighter future with 2022 and it gives me such comfort to know what good people there are out there.

Happy Holidays!

Rich Smith,
VCIA President