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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance explores the challenges presented by today's business and economic upheaval, as well as the hardening insurance market, and what it means for the captive insurance industry.

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Lea Riddle To Take over as NCCIA Chairman

North Carolina Flag Against Blue Sky and Clouds
September 03, 2019

The North Carolina Captive Insurance Association (NCCIA) has named Lea Riddle of McGriff Insurance Services as its chairman for 2019–2020. Mr. Riddle succeeds Leon Rives of Rives & Associates who served as chairman in 2018 and 2019.

Also elected in a unanimous vote at the board's annual meeting during the association's annual conference were Anne Marie Towle as vice-chair, succeeding Dan Report, and Matt Holycross of The Taft Companies as treasurer, succeeding Mr. Riddle. Mickey Payseur with Butler and Stowe was reelected treasurer.

Mr. Riddle said, "I am honored and excited to have been elected chair of NCCIA in this time of great growth and maturation of the domicile. North Carolina has everything going for its continued growth: a customer service orientation of the regulators at the NC Department of Insurance, strong bipartisan support in the legislature, and a state-of-the-art practice act. I am going to be working to make changes that will further enhance the statute to ensure that North Carolina's reputation as a go-to domicile for captive insurance companies continues."

Lea Riddle Headshot

According to Association President and CEO Thomas Adams, the board of directors voted a change in the bylaws that moved the annual meeting of the NCCIA board from December to coincide with the annual conference of the association that is moving from August to May in subsequent years. This means that the newly elected officers will serve a slightly shorter term in 2019–2020 than in previous years.

Mr. Riddle told us, "That change is not going to slow us down this year. All of our committees met at our just-concluded annual conference and have meetings scheduled in September. Keep your eye on North Carolina."

Mr. Riddle graduated from the University of Tennessee with a bachelor of arts in history and from Wake Forest University with a master of business administration. He began his career with McGriff Insurance Services in 2007. Mr. Riddle specializes in alternative risk financing, focusing on the formation of captive insurance companies.

Photo above of Lea Riddle is provided courtesy of the North Carolina Captive Insurance Association.

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