Ian Davis has replaced Dan Towle as the director of financial services for Vermont. The position is responsible for the marketing and business development for Vermont's captive insurance industry.
“This industry has continued to be an important contributor to our economy,” said Vermont Governor Phil Scott. “I have no doubt that Ian will continue the long standing tradition of representing Vermont as the 'Gold Standard' in this area.”
Director Davis has worked most recently as policy specialist for the Agency of Commerce and Community Development. Prior to that, he held a post as policy fellow under the Secretary of Commerce.
He obtained his M.P.A. in 2016 from the University of Vermont.
He is the son of Lisa Ventriss, who served as president of the Vermont Captive Insurance Association (“VCIA”) from 1997-2002 and who is the current president of the Vermont Business Round Table.
Director Davis replaced Mr. Towle, who served in the position for 17 years and left to become the president of the Captive Insurance Companies Association (“CICA”).
“I am both honored and excited to be representing Vermont as the leading on-shore captive insurance domicile,” said Director Davis. “The captive insurance industry creates clean, high-paying jobs and employs over 1,600 Vermonters. It also generates significant tax revenue and tourist activity. It is one of Vermont's best success stories of economic development.”
The captive insurance industry promotion responsibility is housed in the Vermont Agency of Commerce & Community Development. The director of financial services position is responsible for the marketing and promotion of Vermont's captive insurance companies and risk retention groups. The director works with the Captive Insurance Division at the Department of Financial Regulation and the Vermont Captive Insurance Association.
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