12 May 2022USA analysis

TDCI promotes Schulz to insurance business development director

The Tennessee Department of Commerce & Insurance (TDCI) has promoted Michael Schulz to the position of director of business development for TDCI’s insurance division.

Schulz has served as executive director for six regulatory programs within TDCI’s division of regulatory boards since joining the Department in 2020. He will succeed Joshua Clark, who is returning to the private sector after joining TDCI in 2020.

In his new post Schulz will focus on expanding the use of captive insurance companies as a risk management solution for businesses in order to attract new captives to Tennessee.   .

“During Joshua’s tenure, Tennessee’s presence in the captive insurance market grew at an exceptional pace, and we wish him the best in his new role back in the private sector,” said captive insurance section director Jonathan Habart. “This level of transition might typically require a time-consuming national search in order to find someone with the skills needed to fill that role. However, TDCI is blessed to have a deep bench of knowledgeable, talented staff members like Michael who can ably step into new roles when the opportunity presents itself. I am confident that Michael will bring even more attention to the Volunteer State in his new position as director of business development.”

Before joining TDCI, Schulz had a varied career in the private and public sectors. Prior to joining TDCI, Schulz worked in the insurance and financial services industries, simultaneously holding a Tennessee insurance producer’s license as well as Financial Industry Regulatory Authority Series 6 and 63 licenses. Schulz worked as the marketing director for LocalShares, a brokerage firm that advised the Nashville Area ETF. While at LocalShares, Schulz managed the brokerage’s outreach, including supervising its marketing and advertising efforts, and served as the firm’s liaison to the US Securities and Exchange Commission, among other tasks.