11 May 2015USA analysis

Iroquois Captive Services appoints new MD

Iroquois Captive Services, a Nashville-based consultant and manager for captive insurance companies, has named Belinda Fortman as managing director – Captive Management.

Fortman will lead Iroquois’s captive management team. She will join Iroquois’s leadership team of Bob Davidson (managing director – underwriting & consulting), Andy Rhea (managing director), and Cathy Colbert (operations manager).

Fortman previously served as regional manager for Strategic Risk Solutions (SRS) and was responsible for oversight of SRS’s clients in Tennessee. Her insurance career began nearly 20 years ago and includes acting as managing director for a captive insurance subsidiary of a publically held insurance company.

She transitioned to captive management over 12 years ago and, prior to joining SRS, was the operations manager for a large independent captive management firm, where she was responsible for Vermont and Washington DC domiciled captives.

Fortman has overseen and managed a wide variety of captive insurance companies, including single parent, group, special purpose, protected cell, industrial insured captives and risk retention groups. Her industry experience includes healthcare, financial services, religious and government entities, real estate, and agriculture.

“Belinda Fortman is an outstanding executive who has been a key part of the success of the growth of the captive insurance industry in Tennessee. We couldn’t be more excited to have Belinda join the Iroquois team and lead our captive management efforts. Combined with the excellent professionals we have in place, Iroquois is positioned to become a national leader in the captive management industry” said Bill McGugin, CEO of Iroquois.

“I have seen Belinda quickly become an industry leader in Tennessee, specifically as a board member with the TCIA, and I am confident that our captive management services will continue to prosper under her direction.”

Fortman said: “I am enthusiastic about the opportunity to lead Iroquois’s captive management efforts and build upon the solid foundation that has been established since the company’s formation,”. She added “I look forward to utilizing my depth of experience with other captive management firms to contribute to the continued success of Iroquois as a leading independent captive manager.”