Stephanie Mapes

Stephanie Mapes leads the Captive Insurance team at Paul Frank & Collins. Her practice includes forming and advising clients with respect to pure and association captives, risk retention groups, protected cell captives, reciprocal captives, and other alternative insurance arrangements, including medical stop loss captives. Specifically, Stephanie assists her clients with respect to the captive tax, regulatory and legal ramifications of various transactions, entity structures, contract negotiations, and insurance programs.

Stephanie is a pioneer and recognized leader in the captive insurance industry, serving captive insurance clients and industry trade groups for over 30 years. She has experience in multiple industries and handling insurance solutions for some of the largest Fortune 500 companies and for middle market companies, with captives located in Vermont, New York, Connecticut, Kentucky, Missouri, South Carolina, and Arizona. Many of Stephanie’s captive clients are representative of the health care industry, and more recently, the medical stop loss captive industry. Stephanie’s captive team is complemented by the PF+C Insurance Services group which handles captive insurance claims work, claim audits, reinsurance disputes, policy drafting, and coverage opinions.

Stephanie is a member and Vice Chair of the board of directors of the Vermont Captive Insurance Association (“VCIA”), the largest captive insurance association in the world. She is also a long time member and past chair of the Legislative Committee of the VCIA, and more recently is assisting the VCIA with its strategic planning efforts. She is a member of the Government Affairs Committee of the National Risk Retention Association (“NRRA”) where she monitors and assists with local and national legislation affecting captives and risk retention groups, including initiatives by the National Association of Insurance Commissioners to regulate risk retention groups.

Stephanie is a frequent lecturer at captive insurance conferences, including the annual VCIA conference, and captive forums elsewhere in the U.S. and in Bermuda. She serves on the faculty of the International Center for Captive Insurance Education where she co-teaches a course on risk retention groups. She has also been a guest lecturer at Vermont Law School on the topic of captive insurance and serves on the Boards of Directors for many of the Vermont captive insurance companies represented by PF+C. Stephanie served as President of  Paul Frank + Collins from June, 2014 through June, 2019. Using appreciative process, Stephanie strategically guided the firm through its transition from its first 50 years of success into the next.  With her leadership, the firm is well positioned to blossom into the future, building upon the firm’s powerful strengths and root causes of success, and our ability to truly know and assist our amazing clients with their legal threats and corresponding opportunities in this ever changing world.

University of Delaware, B.A., 1983

Vermont Law School, (magna cum laude), 1988

Staff, Vermont Law Review, 1986-1987;
Editor, 1987-1988

Bar Admissions
State of Vermont, 1989

Professional Organizations:

Chittenden County Bar Association

Vermont Bar Association

American Bar Association

Champlain College Board of Trustees, elected Secretary/Clerk, 2007 – 2010 and presently serves as General Counsel to the Board of Trustees

Vermont Business Roundtable, Board of Directors 2016 – present; Secretary, 2017

Leadership Champlain Alumni, Lake Champlain Regional Chamber of Commerce

Lake Champlain Regional Chamber of Commerce, Member, Board of Directors + Executive Committee

Industry Organizations

International Center for Captive Insurance Education (“ICCIE”), Faculty and Curriculum Committee, Faculty Member, 2007 – Present; Board of Directors, 2011 – 2014

National Risk Retention Association (“NRRA”), Member, Government Affairs Committee

Vermont Captive Insurance Association

  • Board of Directors, 2018 – Present, Board Chair, October 2020 – Present
  • VCIA Conference Committee, past member and past Chair
  • VCIA Legislative Committee, current member, past Chair