CICA Appoints Binder, Cutcher to Board of Directors

The Captive Insurance Companies Association (CICA) has appointed Adam Binder of Topco Associates LLC and Richard Cutcher of Captive Intelligence to its board of directors. The two will fill open positions on the board.

Mr. Binder is senior category director at Topco Associates, one of the largest privately held grocery retail cooperatives in the United States. He has experience as a captive owner and in risk management and captive insurance. Mr. Binder is also responsible for annual purchases involving equipment, construction, logistics, and human resources benefits.

(Adam Binder; image courtesy of CICA)

Mr. Cutcher is the founder of Captive Intelligence, an independent media and business information platform serving the global captive insurance industry. The organization provides news coverage, data analysis, and feature reporting for captive owners, risk managers, service providers, and regulators worldwide.

(Richard Cutcher; image courtesy of CICA)

"Adam and Richard are highly respected professionals who will bring valuable experience and distinct perspectives to the CICA Board," CICA President Dan Towle said. "Adam's captive-owner experience will further strengthen the voice of CICA's captive members, while Richard's international industry knowledge and strong relationships in the United Kingdom will support CICA's continued global growth. We are pleased to welcome them both to the Board."

CICA announced the remainder of its board earlier this year following the 2026 CICA International Conference in March.