Christopher Gallo Joins CIC Services as Managing Director
December 21, 2020
Christopher Gallo has joined Knoxville-based risk management consulting and captive management firm CIC Services as managing director.
In a statement, CIC Services said Mr. Gallo's experience with risk-based captive legislation, the examination process, and annual accreditation reviews makes him an ideal fit for the company. He will help CIC Services meet the demands of alternative risk transfer (ART) programs and in securing regulatory approval of ART structures.
Before joining CIC Services, Mr. Gallo began his 35-year regulatory career in the State of Connecticut's Financial Regulation Division. His financial regulation highlights include a rotation in the Swiss Financial Markets Supervisory Authority (FINMA) and a supervisory college panel role with the Dutch National Bank.
Within Connecticut's Captive Division, Mr. Gallo's work included constructing the division's risk-based parent company analysis and examination procedures, serving as examiner-in-charge for the division's Report of Examinations, and responsibility for the division's National Association of Insurance Commissioners Self-Evaluation Guide for Interim Annual and Accreditation Reviews.
"One major lesson I've learned from my career in insurance regulation is the critical importance of sustainable liquidity and cash flow, in any enterprise," Mr. Gallo said in the statement. "This led me to pursue my second career in educating business owners on how a properly managed captive insurance company will allow such an enterprise to thrive in any economic environment."
"As our company has grown and expanded, we're thrilled to fuel the momentum with experienced professionals like Chris Gallo," CIC Services Founding Principal and In-House Counsel Sean King said in the statement. "Chris brings an extensive background in finance, risk management, and insurance to the table that will serve our clients well."
December 21, 2020