David Snowball has been appointed as the new captive director at the Utah Insurance Department. He will replace Ross Elliott, who retires at the end of March.
Snowball has been promoted from within the department ranks and Utah Insurance Commissioner, Todd Kiser commented that this will help “maintain the critical continuity and consistency in the Utah captive program.”
Kiser praised Elliott’s time at the helm, during which Utah rose from the 12th most globally significant captive domicile by captive numbers to the 4th largest internationally.
Kiser said Snowball shared the vision and ability to “maintain the [existing] momentum”.
Utah’s captive division has seen rapid growth in recent years. Since Snowball joined the division in 2010 it has staffed up from four to nine dedicated professionals, contributing to growth that sees the domicile playing host to 340 captives and an additional 60 cells today.
Commenting on his appointment, Snowball said: “My focus as director is to maintain the legacy Ross is leaving of being consistent, responsive and reasonable.”
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