A Vermont captive assists a solid waste management authority in meeting its sustainability goals
Vermont Business Magazine Governor Phil Scott announced today that the Department of Financial Regulation (DFR) has licensed Vermont’s 1,200th captive insurance company. Sustainable Assurance Company was granted a license as a pure Captive Insurance Company on January 1, 2021. It was formed by the Lancaster County (PA) Solid Waste Management Authority (LCSWMA).
“As Vermont reaches another significant milestone for our Captive Insurance industry, we look forward to continuing to grow our reputation as a global leader in this sector and utilize our position to bring more Captives to Vermont,” said Governor Phil Scott.
Chiesa | Nominati i nuovi decani della diocesi lecconotizie.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lecconotizie.com Daily Mail and Mail on Sunday newspapers.
Vermont licenses 38 new captives in 2020
20-01-2021
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17-06-2016
The State of Vermont licensed 38 new captive insurance companies in 2020, according to the Vermont Department of Economic Development, with 11 of those licenses issued in Q4 alone.
Vermont is now home to 589 licensed captives, consisting of 564 active and 25 dormant captive insurance companies.
The new captives were licensed in healthcare, real estate, manufacturing, insurance, transportation, technology, construction, and professional services. New and notable companies this year include the University of Southern California, State Street Bank, Saputo, and the Blackstone Group.
At least six of Vermont’s new captives in 2020 were formed by companies with international roots, including Canada, Sweden, Dubai, Australia, and two from Germany.
Huntington agrees to buy TCF Financial americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.