Vermont captive population surpassed 500 last year. (Briefing).Vermont, the largest captive insurance Captive insurance companies are limited purpose insurance companies established with the specific objective of financing risks emanating from their parent group or groups, they sometimes also insure risks of the parent company's customers. domicile in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the third-largest in the world, kept growing in 2001, adding 38 new captives to its roster. The state hit the milestone of its 500th captive in 2001--its 20th year as a captive domicile--and finished the year with 527. Of the new captives, 37 are pure captives and one a sponsored captive. The Roman Catholic Diocese of Brooklyn The Roman Catholic Diocese of Brooklyn, which includes territory that was previously part of the (now) Roman Catholic Archdiocese of New York, was established as a separate diocese in 1853 when Brooklyn was a separate city from New York City. captured the honor of being Vermont's 500th licensed captive. Leonard Crouse, the state's director of captive insurance, said his office already is seeing a lot of activity for 2002, as well. He said premium volume for Vermont-domiciled captives is near $5 billion. The second-largest captive domicile in the United States is Hawaii, which in September licensed its 100th captive insurer, an entity owned by a Japan-based watch company. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2001 edition of Best's Captive Directory, Bermuda was the largest captive domicile in the world in 2000, with 1,405 captives, followed by the Cayman Islands Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. , with 535. |
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