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Bill White Named New Commissioner of Department of Insurance, Securities and Banking (DISB) in Washington DC February 4, 2011
The captive insurance world continues to shake, rattle, and roll with yet another electrifying announcement. Captive.com is excited to report that at an 11:50 a.m. press conference this morning, District of Columbia Mayor, Vincent C. Gray, announced six new high-level positions, including the appointment of captive insurance veteran,Bill White, as the domicile’s new Commissioner of the Department of Insurance, Securities and Banking (DISB). As most of you know, Bill is no stranger to this growing domicile, having served as a former DISB Commissioner during DC’s formative years. During that time, Bill was instrumental in developing the legislation that launched DC’s success as a domicile. Bill’s next consulting position took him to Delaware, where he played a similar leading role in laying the groundwork for Delaware’s early legislation and growth, contributing to its ongoing success. Since completing his contractual term in Delaware, Bill has continued in his role as managing principal of Prism Strategies, LLC – a strategic development consulting firm specializing in underwriting, strategic planning and development, and regulatory advisory services for businesses and government agencies participating in the Alternative Risk Transfer (ART) market segment of the commercial insurance and reinsurance industry. A Commissioner with Bill’s captive insurance appetite and expertise, in my opinion, will place this domicile in a powerful position in the coming years. Mayor Gray praised Bill’s broad expertise, saying, “I can think of few people in the world who are more qualified to serve as Insurance Commissioner.” We at captive.com couldn’t agree more! We are excited both for Bill and for the District of Columbia, and look forward to watching DC move forward with innovative, captive-friendly, collaborative ideas and solutions under Bill’s leadership. More specifics will be published at Captive.com as they become available. As always, stay tuned and visit the site frequently for the latest in captive industry information from around the world.
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