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About Vault Insurance

Protecting What Matters Most
A luxury living room adorned with elegant furniture, and ample natural light, exuding the sophistication and comfort that Vault customers desire.



Vault offers high-net-worth personal insurance and customized solutions for individuals and families. We’re not just insuring assets, we’re reducing risks with data-driven technology to protect what matters most – cherished moments, family memories, and priceless legacies.
A screened-in patio attached to a luxurious home with a pristine pool, offering an exquisite outdoor living space with comfort and style.



We drive industry change by solving problems with custom insurance solutions and technology to create an exceptional customer experience, improving underwriting and sustaining profitable growth.

Our Values

Vault Delivering Exceptional Service
We aim to create an exceptional experience at every touchpoint, going above and beyond expectations. We prioritize efficient, thoughtful solutions to meet the needs of our customers.
Vault Driving Innovation
We believe our unique business model, tailored to affluent individuals and families, enables us to respond to market conditions and drive industry change by solving problems with new, creative solutions and technology.
Vault Creating Genuine Connections
We commit to creating personal relationships at every level, from customer to broker, from employee to leadership.
Vault Working Together, Growing Together
We know our employees are the heart of our business, and when we work together, we grow stronger as a company. We value our team and support their long-term success.

Our Leadership


Scott Carmilani
Executive Chairman & Chief Executive Officer 

Scott was previously President of Strategy & Distribution for the Fairfax Insurance entities, and Chairman and CEO of Allied World, as well as various management roles at AIG, managing their investments from Bermuda.


Paul Bassaline 
President & Chief Finance Officer

Paul was formerly CFO of Tower Hill Insurance Group, one of the largest P&C companies in the state of Florida, and CFO of Crum & Foster, a large national P&C insurer that is part of the Fairfax Financial Holdings Group. 


Stephen Russell 
EVP & Head of Insurance  

Stephen has held executive positions at TRUE, Tower Hill Insurance Group, and American Modern Insurance Group. His expertise is in building profitable growth strategies, product development, and over-all risk management. Stephen is also an accredited actuary. 

Jess Brooks Headshot

Jessica Brooks 

Chief Operating Officer 

Jessica was previously a commercial account executive for a national wholesale broker, with extensive expertise in Property & Casualty underwriting, team growth, and managerial skills. Since joining Vault, she has led customer experience and founded the Vault Training department.


Christopher Flanagan 
Chief Information Officer 

Christopher most recently spent 13 years at Prudential, within their insurance & asset management organizations. A 25-year technology veteran, Christopher has held technology leadership roles in tech start-ups, consulting & advisory organizations, and in insurance, transforming and modernizing technology capabilities.

Cheri Headshot

Cheri Trites-Versluis 
Chief Claims Officer 

Cheri was an active advisor for CodeX, the Stanford Center for Legal Informatics, and Bold Penguin, Inc., working on the AI and Machine Learning products and ethical insurance and legal tech solutions. At EMC Insurance, she spearheaded the creation of a Claims Legal Team to build consistency in claims handling and coverage analysis nationwide.


Reza Khan 
President of Commercial Lines 

Prior to joining Vault, Reza served as CEO of Ryan Specialty Group MGUs with a focus on financial lines (Cyber, D&O, and E&O). Before RSG, he led Allied World’s Programs division, and held executive underwriting, distribution, and marketing positions at several U.S. MGUs and insurers.

Our Story

Our Executive Chairman and CEO, Scott Carmilani, saw a gap in the insurance space. As an accomplished insurance industry veteran, he noticed high-net-worth homes were not being delivered a luxury product tailored to their specific needs. He pulled together some of the best in the industry to bring the idea to life. 

Vault began in 2017 with 9 employees who worked together in the close quarters of an Airbnb residence in St. Petersburg, FL. Driven by the vision that insurance does not have to be difficult to understand with black-and-white coverage, they began to shape our core values and mission: to Protect What Matters Most, our customers’ homes, memories, and legacies. Providing superior coverage that starts with a blank canvas and is crafted with expertise. 

By 2018, only one year later, Vault had grown so much we expanded to a full office in downtown St. Pete, which remains the Vault headquarters today. 

Now, Vault has become one of the top insurers for excess and surplus insurance in the US. Our company has expanded to 3 offices, New York City, NY, West Palm Beach, FL, and St. Petersburg, FL, and added a Commercial Lines division. 

Learn what sets Vault apart and why our partners and customers choose us: 

St. Pete Circle

Risk & Reward

Download Vault's annual high-net-worth insurance trends report, highlighting digitizing customer experience, why home insurance premiums are rising, custom insurance and E&S growth, and protecting your legacy with risk mitigation strategies.
Insurance Industry Trends 2024-1

Ready to Work with Us?

For potential customers with homes valued over $2 million:


For agents and brokers looking to partner with us, submit your application: