The Captive Insurance Companies Association (CICA) has elected a new board chairperson and new officers and directors. Sarah Pacini, J.D., chief executive officer, Cooperative of American Physicians, Inc., has been elected chair of the Board of Directors.
Prior to joining Cooperative of American Physicians, Inc., Ms. Pacini (pictured above) was vice president of risk management and insurance (and the chairperson of Advocate Insurance SPC) at Advocate Health Care in Oakbrook, Illinois. She is a graduate of Purdue University School of Nursing and graduated summa cum laude from DePaul University College of Law with a juris doctor degree and a certificate in health law. Ms. Pacini combines her nursing and legal backgrounds in her risk management and captive insurance work. Ms. Pacini was also reelected to an additional 3-year term on the CICA Board of Directors.
In addition, the CICA Board of Directors elected Joel Chansky as vice chair and Steve McElhiney as secretary/treasurer.
Mr. Chansky (pictured at right) is a principal and consulting actuary in the Boston office of Milliman, Inc., specializing in alternative market issues. He is a frequent speaker on the topics of captive insurance, risk retention groups, and alternative risk financing. Mr. Chansky is a faculty member of the International Center for Captive Insurance Education and a former board member of the National Risk Retention Association, Arizona Captive Insurance Association, and Captive Insurance Council of the District of Columbia. He received his B.A. from Dartmouth College.
Mr. McElhiney (pictured at left) is the president of EWI Re, Inc., and president of Tall Pines Insurance Company. Prior to joining EWI Re in 2004, his insurance industry experience spanned 2 decades with groups including Fireman's Fund, TIG, Overseas Partners US Reinsurance Company, and Argo. Mr. McElhiney is a past president and chairman of the International CPCU Society and is past chairman of the board of the Vermont Captive Insurance Association. He has an M.B.A. in corporate finance and a B.S. degree from the University of Southern California.
Ken Arguello, senior director of risk management, Schwarz Partners, LP, was reelected to a 3-year term as a director, and Carol Frey of Great American Insurance Group and Michael Scott of ADM/Agrinational Insurance Company were newly elected to 3-year terms on the Board of Directors.
Prior to his current role at Schwarz Partners, LP, an Indianapolis-based holding company, Mr. Arguello (pictured at right) was responsible for managing the captive insurance programs of Dow Corning, including reinsuring the global corporation's US and international employee benefits. Mr. Arguello received his M.S. in management and finance from the University of Colorado at Denver and holds the ARM and CPCU designations.
Ms. Frey (pictured at left) is business development manager, alternative markets, at Great American Insurance Group. Previously, she served in several roles at ACE USA, including development of the captive practice leader role and as vice president of underwriting for risk management. She also held several positions at CIGNA. Ms. Frey is a speaker/panelist at captive industry events and conferences. She earned a B.A. and an M.B.A. from the University of Delaware.
Mr. Scott (pictured at right) is vice president of insurance and risk management for Archer Daniels Midland (ADM) where he heads ADM's Insurance and Risk Management Department and serves as president of ADM's captive insurance operations. Prior to joining ADM, Mr. Scott served as a corporate attorney for State Farm Insurance Companies. Besides being licensed to practice law in the state of Illinois, Mr. Scott holds the CPA, CRM, CPCU, CLU, ChFC, FLMI, ARC, AIC, AMIM, ARe, AIAF, AU, ARM, and CGMA designations. He is a graduate of the University of Illinois and Southern Illinois University School of Law.
(Photos of Ms. Pacini, Mr. Chansky, Mr. McElhiney, Mr. Arguello, Ms. Frey, and Mr. Scott are courtesy of CICA.)