Captive Resources unveils key executive changes
Captive Resources has announced changes to its executive committee and key executive hires.
With its increased focus on medical stop loss group captives, CRI has created two separate business units: property & casualty (P&C) and health solutions. In addition to these business units, CRI also has two subsidiaries: Kensington Management Group and Edgewater Actuarial Insights.
In December 2023, three key CRI senior leaders with proven track records of success within the organisation were asked to take on expanded responsibilities: JP Boulus as president, P&C, Donna Dreuth as chief financial officer and chief administrative officer and John Pontin as chief growth officer.
The CRI Executive Committee is comprised of these three senior leaders and the two co-chief executives, Nicholas Hentges and Mike Foley.
CRI has also recently hired several additional senior executives: Steven Gransbury as president, health solutions; Mark Knipfer as chief strategy officer; and Terry McCafferty as chief underwriting officer, P&C.
Gransbury joined CRI in April. Prior to joining CRI, he was head of specialty for QBE North America. Knipfer joined CRI in January. Prior to joining CRI, he was chief operations officer at Zurich North America. Finally, McCafferty joined CRI in December 2023. Prior to joining CRI, he was president and chief executive of Falls Lake National Insurance Company at James River Holdings.
Hentges commented: “I am very excited about the recent changes and additions to our leadership team. These changes position Captive Resources for the continuing robust growth we’re seeing in both our property & casualty and health solutions businesses.
“We spend a great deal of time thinking strategically about the future and ensuring we have a management team that will continue moving Captive Resources forward. The key to our success is providing outstanding service to our clients and their brokers. Building our management team and remaining focused on hiring the very best talent is critical to giving our clients the exceptional captive experience that has become a hallmark of our company.”
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