How does your captive measure up? Vermont’s Captive Insurance Division receives annual financial filing data from every active captive domiciled in the state—and that aggregate picture is a powerful benchmarking tool hiding in plain sight. In this one-hour session, a team of Vermont DFR regulators and an experienced VCIA member actuary walk you through exactly how that data is compiled, what it reveals, and how to use it to strengthen your captive’s financial position.

Becky Aitchison, Captive Insurance Analyst/Examiner III at the Vermont Department of Financial Regulation, opens with a guided tour of DFR’s proprietary captive database and the annual aggregate report—what is public, what is confidential, and which key financial ratios regulators use to monitor the health of your captive. Maigh Wright, Vice President—Actuarial Consultant, Marsh Captive Solutions, provides an independent, practitioner’s view of actuarial benchmarking—examining how captives can use loss development patterns, reserve adequacy metrics, and peer-group comparisons to evaluate program performance and identify areas for improvement. Jim DeVoe-Talluto, Assistant Director of Captive Insurance at Vermont DFR, brings a regulatory and strategic lens to the conversation, discussing how benchmarking data informs licensing decisions, financial surveillance priorities, and the department’s approach to captive oversight in a growing domicile.

Whether you are a captive owner looking to contextualize your program’s results, a manager preparing board materials, or a service provider advising clients on captive strategy, this session offers a practical, data-grounded framework for evaluating performance against the Vermont benchmark universe.
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‍LEARNING OBJECTIVES

After completing this webinar, participants will be able to:

• Describe the Vermont DFR’s annual captive aggregate report—what data it contains, how it is compiled from annual statement filings, and the distinction between public and confidential information.
• Identify the key financial ratios—including loss ratios, combined ratios, underwriting leverage, and surplus metrics—used by the DFR to monitor captive financial health, and interpret how your captive’s ratios compare to the Vermont aggregate by captive type.
• Explain the regulatory context for benchmarking requests—including how Vermont DFR uses ranking and ratio data in the captive application, business plan changes, and financial surveillance processes.
• Apply actuarial benchmarking tools—including loss development patterns, reserve adequacy analysis, and peer-group comparisons by industry and captive type—to evaluate program performance and identify emerging areas of concern.
• Implement at least one actionable benchmarking practice—such as comparing captive performance against Vermont aggregate data or adopting a formal claims performance monitoring framework—within their own captive program.

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