Captive Resources hires new executive

Itasca, Illinois-based consultant Captive Resources has hired Wyatt Steele as a captive executive.

Steele joins after eight years with Willis Towers Watson, where he worked in its Chicago office as a senior captive insurance professional. He oversaw a small group captive portfolio with $2.2MM in annual premiums and over 30 clients and also supported a much larger single-parent captive.

He was previously an asset management accountant for Jackson National Asset Management.

Captive Resources serves mid-market companies and is responsible for creating, developing, and overseeing member-owned group captives. It is currently a consultant to over 40 group captives with more than 5,400 member companies and $3 billion in annual premium.

It provides a full range of services, from claims advocacy to operational oversight, risk management, financial services, regulatory compliance and investment services.