Provost, state colleagues honored for contributions to captive insurance industry

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Fri, 03/25/2022 - 12:54pm -- ken@vermontbiz.com
David Provost

David Provost, deputy commissioner of the Division of Captive Insurance at the Vermont Department of Financial Regulation, received the Captive Insurance Companies Association's Distinguished Service Award in March for his "significant" contributions to the captive insurance industry.

Provost has more than 30 years' experience in captive insurance in both the private and governmental sectors. He joined Vermont’s Department of Insurance in 2001 and has served as deputy commissioner since 2008.

“Dave Provost has been an active champion of the captive industry and generously shares his knowledge,” said CICA President Dan Towle. “His contributions have made the captive industry stronger.”

Upon receiving the award at CICA's annual international conference in Tucson, AZ, earlier this month, Provost said, “I appreciate that it’s called a ‘service’ award, because that’s what I feel like this job is about: serving the captive industry. As a state regulator, you have unlimited opportunities to listen, learn, participate and contribute, and I’ve taken advantage of as many of those as I could fit in one person’s schedule.”

Also this monthl, Captive Review, a captive media publication, released its Power 50 list, composed of the 50 most influential leaders in the captive industry. Once again, Sandy Bigglestone, director of captive insurance, finished among the top 10 — this year landing at No. 9 — making him by far the highest-ranking regulator. 

The publication commented, “As director of captive insurance for the state of Vermont, Bigglestone is instrumental in the state’s success, ensuring that it is one of the biggest and most respected domiciles in the world.”

Additionally, Captive Review named Captive Insurance Economic Development Director Brittany Nevins to its “Ones to Watch” list of up-and-coming captive professionals who are poised to make the Power 50 list next year.