Susan L Donegan, commissioner of the Vermont Department of Financial Regulation, announced today that Crosby Sherman will join the DFR team as deputy commissioner of the Insurance Division. Sherman grew up in St. Johnsbury and graduated from St. Johnsbury Academy and the University of Vermont. He began his career here at DFR 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. He leaves his post as chief of Captive Insurance for the New Jersey Department of Banking and Insurance. Donegan said she is pleased to welcome Sherman back to his roots and to the department. ‘We are excited to welcome Crosby back home to DFR and look forward to utilizing his vast expertise in the insurance field,’she said, ‘He has extensive experience in all aspects of the insurance regulatory process particularly solvency regulation which is DFR’s highest priority for consumer protection.’ Sherman begins working at the department July 8.