With the dust starting to settle from the recession that hammered the economy and state budgets so hard in 2008, reverberating well into this year, alternative risk-transfer facility launches are getting “back to normal,” according to Vermont’s deputy insurance commissioner, David Provost. (See chart below.)

After licensing a total of 16 captives last year–about half the number launched in 2007–14 have already been approved in 2009 by the captive industry’s top U.S. domicile, said Mr. Provost, who oversees alternative risk-transfer market facilities in the state.

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