Though she doesn't have an insurance background, Ms. Ventriss said that Ms. Lambert has had "the policy oversight of the captive industry. Captive insurance was under her umbrella as agency secretary, so she knows how important this industry is."

Ms. Ventriss continued that Ms. Lambert's initial focus will be the organization's annual conference, which takes place Aug. 13-15 in Burlington, Vt.

Ms. Lambert has served Gov. Howard Dean as secretary of the agency since 1998. As secretary, she served as chief advisor to the governor on public policy, projects and programs related to economic development (including captive insurance), housing, and tourism, according to VCIA.

Ms. Lambert previously served as the key liaison with the Vermont legislature and congressional delegation to ensure support of the agency's public policy initiatives. She also served as the leading spokesperson to media, regional partners and organizations throughout the state for issues related to economic development.

"We are very fortunate to have found someone of Molly's caliber at this important point in the history of the association," said Rich McCarthy, who chaired VCIA's search committee. Mr. McCarthy is executive vice president and treasurer of Title Industry Assurance Company RRG, in Washington, D.C., which is domiciled in Vermont.

"Molly's proven track record of legislative experience at the state and federal levels, and her hands-on style of leadership, particularly in the non-profit sector, makes her the ideal candidate to succeed Lisa," he said.