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NU Online News Service, July 21, 2:30 p.m. EDT

The State of Vermont’s captive insurance sector reported a strong first half of 2010, licensing 17 new captive insurance companies and surpassing 2009 half-year numbers as the state nears its 900-license milestone, officials said.

This year’s new captive insurance companies include 15 “pure” captives–four of which are special purpose financial captives–and two risk retention groups, according to data released by the Vermont Department of Banking, Insurance, Securities and Health Care Administration (BISHCA).

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