Description: The Department of Insurance currently has a job posting for a Legal Management (Director of Captives Bureau) position posted on the DEL website. If interested please see the job posting at the following link: https://www.jobaps.com/DE/sup/BulPreview.asp?R1=022017&R2=MUAF43&R3=120300
According to a press release, the director of the Bureau of Captive Insurance and Financial Products is responsible for regulating Delaware-domiciled captive insurance entities. He or she will oversee the daily operations of the office, articulate the bureau's goals and objectives, and ensure a stable and competitive environment for captive insurance. Qualified applicants should have knowledge of captive insurance principles and regulations and be able to promote Delaware as an attractive domicile for captive insurance companies. The possession of a juris doctorate is required.
The job has been posted as an exempt position, and the new director will be appointed by the insurance commissioner. The new director will be a full-time state employee.
Delaware currently ranks as the third-largest captive domicile in the United States and the fifth-largest in the world, and the insurance commissioner has stated the new director will be responsible for working to build on these achievements.