17 firms joined Vermont's captive sector in first half of 2010

Vermont's captive insurance sector saw 17 captive formations in the first half of this year, exceeding year-ago levels, according to the state Department of Banking, Insurance, Securities and Health Care Administration. "It's fair to say this is as deep a pipeline as we've had in some time," Dan Towle, Vermont's director of financial services noted. "Last year was a great year -- we're ahead of that," he said.

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