NRRA Honors Len Crouse

WASHINGTON, DC--(Marketwire - Oct 6, 2011) - Leonard D. Crouse, former Director of Captive Insurance in Vermont and a leading spokesman for the captive insurance industry, received the Karen Cutts Visionary Award of the National Risk Retention Association at its annual conference. The Cutts Award is given each year to an individual who has made an outstanding contribution to the Risk Retention Group and Purchasing Group liability insurance industry.

"Len Crouse is recognized as the leader who built the Vermont Captive Insurance Department into the leading captive regulator in the nation. He is one of the most respected authorities in the captive insurance world. The captive regulatory structure developed by the Vermont Department under Len Crouse's leadership set the standard for captive regulation throughout the United States," said Brian Braley, NRRA Chairman, who presented the award to Crouse.

RRGs are authorized by congress to write liability insurance nationally when licensed in a single state. They have grown into a major sector of the insurance industry with more than 250 companies that write more than $2.5 billion premium. NRRA is the professional association that represents the interests of Risk Retention and Purchasing Groups.

After retiring from the Vermont Department, Crouse joined the Towner Management Group in Burlington, VT, as Partner-U.S. Operations. TMG consults with clients on alternative risk solutions and manages captive insurance companies in Barbados, Vermont and other jurisdictions.