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LCSWMA forms Vermontâs 1,200th captive
10-02-2021
Vermont’s Department of Financial Regulation (DFR) has licensed the state’s 1,200th captive insurance company.
Sustainable Assurance Company was granted a license as a pure captive for Lancaster County Solid Waste Management Authority (LCSWMA) on January 1, 2021. Artex Risk Solutions serves as the captive manager.
LCSWMA collects energy, landfill, transfer station and household hazardous waste and minimises its environmental impact via a portfolio of sustainability projects, some in partnership with the private business sector.
With rising premium costs, combined with a hardening underwriting market, LCSWMA was having difficulty finding property coverage.
Robert Zorbaugh, chief executive officer of LCSWMA, said it had been an easy decision to select its domicile. “Vermont has a rich history, proven experience, and has a great reputation in the industry. We wanted to do it right and partner with the best to make
Vermont Captive Celebrates 1,200th Licensed Captive Insurance Company
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Vermont licenses its 1,200th Captive Insurance Company
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. MONTPELIER, Vt. (PRWEB) February 11, 2021 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 Solid Waste Management Authority (LCSWMA).
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.