Adams to retire from NCCIA

The North Carolina Captive Insurance Association (NCCIA) has announced that Thomas L. “Tom” Adams (pictured) will retire as president & chief executive of the association in October 2025. Adams has served in the position since the inception of the NCCIA in 2013.

One of the four original founders of the association, Adams's tenure saw the North Carolina grow to become the third largest domicile by captives in the United States.

Lea Riddle, incoming chair of NCCIA, said, “Tom’s departure as our chief executive is truly an inflection point for our domicile. His leadership in the beginning at the General Assembly, vision for the domicile's growth, and extensive association management expertise contributed significantly to our success and  invaluable to the growth of our organisation and the North Carolina domicile.”

North Carolina Insurance Commissioner Mike Causey commented: “North Carolina’s captive industry has benefited greatly from Tom Adams’ thoughtful leadership and insights during his tenure as the NCCIA president and chief executive.  North Carolina’s growth as a captive domicile is due in large part to the collaborative relationship fostered between the North Carolina Department of Insurance and the Association over the years.”

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