Leonard Crouse, Vermont deputy commissioner of captive insurance and a driving captive industry force for more than 18 years, has announced his plans to retire, effective June 1.

News of his upcoming departure was released by the State of Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA), which said a search for a successor is underway.

Mr. Crouse has been a nationally recognized leader in insurance regulation for more than 30 years and has been credited with being a key figure in advancing the captive insurance industry both nationally and in Vermont.

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