Captive insurers honor Vermont regulator

For more than 30 years, Leonard Crouse has been credited as a key figure in advancing the captive insurance industry.

Now Crouse, the deputy commissioner for captive insurance for Vermont, has been honored for his efforts with the 2007 Distinguished Service Award presented at the Captive Insurance Companies Association International Annual Conference in Arizona. The award recognizes significant contributions to advancing the captive insurance industry.

“It was a great honor to receive this award,” said Crouse. “It is a reflection on what a tremendous industry we have built together here in Vermont.”

Vermont is the nation’s largest captive insurance domicile with nearly 800 companies licensed, including 42 of the companies that make up the Fortune 100 and 19 of that make up the Dow 30.

Crouse was appointed deputy commissioner of captive insurance in May of 2003. He has served on committees and working groups representing both Vermont and Massachusetts at the National Association of Insurance Commissioners. Prior to working in Vermont, he was a chief examiner for the Massachusetts Insurance Department.

Crouse has published a number of articles for trade publications and is a speaker at seminars and conferences nationwide.