Derick White, Vermont's director of captive insurance, is resigning his post to become president of a captive management firm, it was announced.

Mr. White will leave the job Jan. 31, 2008, according to a statement from the Vermont Department of Banking, Insurance, Securities and Health Care Administration.

In a separate press release, Strategic Risk Solutions (SRS), a provider of captive management and consulting services, announced that Mr. White will be joining the company, on Feb. 1, 2008.

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