People News
South Carolina Expands Captive Insurance Division Amid Domicile Growth
South Carolina is expanding its Captives Division as captive insurance formations continue to grow. The state licensed 15 captives in 2025 and 14 since the start of 2026. Newer staff members Colin Anderson, Ryan Borkowski, and Ann Cunniffe support financial analysis, licensing, solvency oversight, and regulatory compliance for captives statewide. Learn More
North Carolina Insurance Department Names New Chief Deputy
North Carolina Insurance Commissioner Mike Causey named Chuck Myers chief deputy commissioner, effective Oct. 1. Mr. Myers, formerly a Louisiana deputy insurance commissioner, succeeds retiring Jackie Obusek. His background spans insurance regulation, law enforcement, fraud investigations, and accounting, including leadership roles in Louisiana and Virginia and more than 20 years as an agent. Learn More
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. Read 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. Read 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