Edward Meehan, Vermont's first captive insurance director, passed away Sunday at his home in North Fort Myers, Florida, after a prolonged illness. He was 73.
Mr. Meehan came to Vermont from the Massachusetts Division of Insurance and guided Vermont's captive activities during the early stages of the Vermont domicile's development in the 1980s before leaving state government in 1991.
“Ed was one of the first people who worked to make Vermont the gold standard of domiciles,” Vermont Gov. Peter Shumlin said in a statement Wednesday. “His legacy of dedication and professionalism continues to provide valued contributions to Vermont's economic prosperity and will be felt for generations to come.”
“We had great respect for (Mr. Meehan's) willingness to make tough decisions,” Susan Donegan, commissioner of Vermont's Department of Financial Regulation, said in the statement. “Vermont would not be a global leader in captive insurance without his contribution.”