MONTPELIER – Crosby Sherman has been appointed deputy commissioner of the state Insurance Division, Susan Donegan, commissioner of the Vermont Department of Financial Regulation, announced Monday.
Sherman most recently served as chief of Captive Insurance for the New Jersey Department of Banking and Insurance.
Sherman grew up in St. Johnsbury and graduated from St. Johnsbury Academy and the University of Vermont. He began his career at the Vermont Department of Financial regulation in the 1980s, where he worked as an insurance examiner of property and casualty, life and captive insurance companies.
He also oversaw domestic and captive examinations and played a key regulatory role during the initial stages of Vermont’s captive insurance market.
Donegan said Sherman “has extensive experience in all aspects of the insurance regulatory process particularly solvency regulation which is DFR’s highest priority for consumer protection.”
He begins his job July 8.
- Bruce Edwards