People News
Captives Insure Names Rachel Kortman Chief Underwriting Officer
Captives Insure appointed Rachel Kortman as chief underwriting officer to oversee underwriting governance and portfolio quality across all business lines. Bringing more than 20 years of commercial property and casualty experience, she will help expand the firm's underwriting capabilities as demand for captive insurance and alternative risk financing continues to grow. Learn More
NCCIA Elects New Board Members, Announces 2026–2027 Officers
The North Carolina Captive Insurance Association announced its 2026–2027 board officers and elected three new directors to 3-year terms. The leadership changes include a new chair, vice chair, secretary, and three incoming board members who will begin serving during the association's annual conference in Charlotte. Learn More
Michael Reynolds Promoted to Lead Nevada Captive Insurance Unit
Michael Reynolds has been promoted to senior management analyst at the Nevada Division of Insurance, where he now leads the company's admissions and captive insurance sections. His promotion follows the completion of his Associate in Captive Insurance designation and reflects the division's continued investment in regulatory leadership and captive insurance oversight. Read More
Truist Names Michael Lyons as Incoming CEO
Truist Financial Corporation announced that Michael Lyons will become president and CEO on September 1, 2026. Mr. Lyons joins from Fiserv and previously held leadership positions at PNC and Bank of America. Current CEO Bill Rogers will transition to executive chair and remain in that role until his planned retirement in 2027. Read More
Vermont Wins 2 Top Honors at 2026 Captive Review Awards
Vermont received two major honors at the 2026 US Captive Review Awards, earning both Cell Captive Domicile of the Year and Captive Domicile of the Year. Judges recognized the state's growth, regulatory expertise, innovation, and industry leadership, reinforcing its position as a leading captive insurance domicile. Read More
Bermuda Captive Conference Honors McMahon with Top Award
Thomas McMahon has received the 2026 Fred Reiss Lifetime Achievement Award, recognizing more than 30 years of leadership and service to Bermuda's captive insurance industry. A longtime advocate, industry leader, and executive at Davies Captive Management Bermuda, Mr. McMahon was honored at the Bermuda Captive Conference for his lasting contributions. Read More
Devin O'Brien Joins Captive Resources as Domestic Captive Head
Devin O'Brien joined Captive Resources as head of domestic captive management after nearly a decade at Artex Risk Solutions. His experience includes leadership roles in captive management, finance, and operations across North American and offshore domiciles. Mr. O'Brien has specialized in group captive insurance, client servicing, financial oversight, and captive regulatory management. Read More