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Press Releases
from Towner Management Group
Vermont Legislature to Address 2012 Captive Housekeeping Proposals
"1/19/12"

Burlington, VT— In an annual rite of winter, the Vermont legislature in 2012 will consider a captive housekeeping bill, which includes minor changes to its treatment of risk retention groups.

 
Vermont Captive Formations Surge in 2011
"1/13/12"
Burlington, VT— While some captive insurance domicile leaders saw growth sputter during the last year, Vermont continued to roll along, licensing 41 new captives in 2011.
GAO Confirms the Need for Uniformity and Clarity with RRG Governance
"1/11/12"

Burlington, VT— While some captive insurance domicile leaders saw growth sputter during the last year, Vermont continued to roll along, licensing 41 new captives in 2011.

The Towner Management Group Wishes Clients and Friends a Happy Holiday Season
"12/19/11"

Burlington, VT— It's been an eventful and busy year for the folks from The Towner Management Group, as it has been for many of our clients and friends. The holiday season comes at an opportune time, a time when we can all recharge our batteries and remember the important things in life.

Ragosta Featured as RRG CEO of the Month in December Risk Retention Reporter
"12/12/11"

Burlington, VT—Guy Ragosta, Chief Executive Officer and Managing Partner of The Towner Management Group's U.S. operations, is the featured CEO of the Month in the December 2011 Risk Retention Reporter. Ragosta, a veteran of the captive insurance industry, heads the independent captive management and consulting firm, which has a strong niche in the risk retention group industry.

New Towner Management Paper: Much Ado about Dodd-Frank
"12/7/11"
Burlington, VT— U.S. Representative Barney Frank may soon retire from public office, but questions about the bill he cosponsored, the Nonadmitted and Reinsurance Reform Act (“NRRA”) of 2010, promise to become part of his legacy. The bill is part of larger legislation, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”).
Towner Management Congratulates Jim Caldwell for DC Honor
"12/6/11"
Burlington, VT—G. James Caldwell, CEO and president of Caring Communities reciprocal Risk Retention Group, recently received an honor for his work in the industry by the District of Columbia Captive Insurance Council.
TMG's Guy Ragosta to Attend Cayman Conference
"11/22/11"
Burlington, VT—Guy Ragosta, Chief Executive Officer and Managing Partner of The Towner Management Group's U.S. operations, will attend the Cayman Captive Forum, November 29 through December 2. The annual captive conference will be held at the Ritz-Carlton, Grand Cayman.
Quality Year-End Captive Insurance Applications Possible—Choose the Right Partner
"11/3/11"
Burlington, VT— As we approach year-end, risk management, accounting and other company executives may find themselves scrambling to put together a captive in time to benefit the calendar year. And as we all know, acting hastily without experience can cause problems that linger.
There's No Substitute for Accounting Experience and Expertise
"10/26/11"
St. James, Barbados & Burlington, VT— One of the attributes any captive insurance manager should exhibit is accounting skills, but captive management accounting requires more than a rudimentary understanding of consolidated financial statements and tax forms. It requires a level of understanding and ability to perform sometimes complex requirements that differ by domicile.
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