Vermont Captive Celebrates 1,200th Licensed Captive Insurance Company Share Article 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).