15 March 2017Analysis

CICA reveals new board of directors

The Captive Insurance Companies Association (CICA) has elected six people to its board of directors following the recent appointment of Dan Towle as its new president.

CICA has named Sarah Pacini, the CEO of Cooperative of America Physicians as the new chair of the board.

Pacini previously served as vice president of risk management and insurance at Advocate Health Care, in Oakbrook, Illinois.

CICA has also elected Joel Chansky as vice-chair and Steve McElhiney as secretary and treasurer.

Chansky is a principal and consulting actuary at Boston-based Milliman, where he specialise in alternative market issues. He is also a faculty member of the International Center for Captive Insurance Education.

McElhiney serves as both president of EWI Re and president of Tall Pine Insurance Company. Prior to joining EWI Re in 2004, he has over 20 years of experience at groups including Fireman’s Fund, TIG, Overseas Partners US Reinsurance Company, and Argo.

CICA also elected three additional board directors, Ken Arguello, Carol Frey and Michael Scott, who have all been elected to three-year terms.

Arguello is senior director of risk management at Schwarz Partners, an Indianapolis-based holding company. He previously managed the captive programmes of Dow Crowning, including reinsuring the corporation’s US and international employee benefits.

Frey is a business development manager of alternative markets for Great American Insurance Group. She previously held roles at ACE USA, including the development of the captive practice leader role and as vice president underwriting for risk management.

Scott is vice president of insurance and risk management for Archer Daniels Midland (ADM) and serves as president of ADM’s captive insurance operations. Prior to this, he served as a corporate attorney for State Farm Insurance Companies.

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