Vermont captive insurance coverage pioneer Ed Meehan dies at age 73

The captive insurance coverage neighborhood is mourning the lack of Edward “Ed” Meehan, who handed away Sunday at his residence in North Fort Myers, FL, after a protracted sickness. He was 73. Meehan was employed by Commissioner of Banking and Insurance coverage George Chaffee through the Richard Snelling administration and served with distinction in Vermont’s captive division through the early life of the expansion of the captive insurance coverage trade right here in Vermont.

Governor Peter Shumlin mentioned Meehan’s tireless dedication to the state of Vermont has not been forgotten.

“Ed was one of many first individuals who labored to make Vermont the gold normal of domiciles,” Shumlin mentioned. “His legacy of dedication and professionalism continues to supply valued contributions to Vermont’s financial prosperity and will probably be felt for generations to return.”

Earlier than becoming a member of the state of Vermont, Meehan served within the Massachusetts Division of Insurance coverage, and was accountable for hiring Len Crouse and Peter Raymond who turned revered leaders in Vermont’s captive insurance coverage division.

Susan Donegan, commissioner of the Division of Monetary Regulation, known as Meehan a legendary colleague and an honorable public servant.

“These of us who labored with Ed beginning when DFR was known as the Division of Banking and Insurance coverage all benefited from his experience and fantastic humorousness,” she mentioned. “Deputy Commissioner of Insurance coverage Crosby Sherman and I’ll at all times bear in mind Eddie as a bigger than life determine in our trade. We had nice respect for his willingness to make robust choices. Vermont wouldn’t be a worldwide chief in captive insurance coverage with out his contribution.”

Supply: Division of Monetary Regulation 5.7.2014

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