Delaware Insurance Commissioner Trinidad Navarro has revealed that Steve Kinion will no longer be stepping down from his position as Captive Bureau Director, and will keep his position for another year.
This announcement was made at the Delaware Captive Insurance Association's (DCIA) Spring Forum in Wilmington.
Kinion, who is based in Illinois, was due to step down after the Delaware Department of Insurance announced in February of this year that it had begun a search for a new director.
He will continue his current responsibilities regulating Delaware-domiciled captive insurance entities, overseeing daily operations of the office and articulating the bureau’s goal and objectives.
A statement from the DCIA said: “Mr. Kinion is a recognised leader and effective advocate for both Delaware as a domicile, and the captive insurance industry in general. DCIA is pleased he will be staying with the Bureau, continuing to provide stability and ensuring Delaware's continued success as a leading domicile.”
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Delaware, Steve Kinion, Captives, Appointment, North America