Captive Resources, LLC (CRI), a leading consultant to group
captive insurance companies headquartered in Itasca, IL, has
announced changes to its Executive Committee and key executive
hires.
CRI has positioned its senior leadership for continued success
by expanding the roles and responsibilities of several key leaders
and adding additional senior leadership to the company.
With its increased focus on Medical Stop Loss group captives,
CRI has created two separate Business Units: Property &
Casualty (P&C) and Health Solutions. In addition to these
Business Units, CRI also has two subsidiaries: Kensington
Management Group, LLC and Edgewater Actuarial Insights, LLC.
In December 2023, three key CRI senior leaders with proven track
records of success within the organization were asked to take on
expanded responsibilities:
- JP Boulus as President, P&C
- Donna Dreuth as Chief Financial Officer (CFO) and Chief
Administrative Officer (CAO)
- John Pontin as Chief Growth Officer
The CRI Executive Committee is comprised of these three senior
leaders and the two Co-CEOs, Nicholas Hentges and Mike Foley.
CRI has also recently hired several additional senior
executives:
- Steven Gransbury as President, Health Solutions
- Mark Knipfer as Chief Strategy Officer
- Terry McCafferty as Chief Underwriting Officer, P&C
Key roles within the CRI Senior Leadership Team are described
below:
CEO — CRI: Nick Hentges is responsible for the overall
representation of CRI to its captive clients and shares
responsibility for CRI’s core Business Units (P&C Group
Captives and Health Solutions), essential corporate functions
(e.g., Finance, Legal, Human Resources, Information Technology),
the Captive Investors Fund, as well as CRI’s wholly owned
subsidiaries (Kensington Management Group, Ltd. and Edgewater
Actuarial Insights, LLC), and overall corporate strategy.
Co-CEO and President — CRI: Mike Foley is responsible for the
overall representation of CRI to its captive clients and shares
responsibility for CRI’s core Business Units (P&C Group
Captives and Health Solutions), essential corporate functions
(e.g., Finance, Legal, Human Resources, Information Technology),
the Captive Investors Fund, as well as CRI’s wholly owned
subsidiaries (Kensington Management Group, Ltd. and Edgewater
Actuarial Insights, LLC), and overall corporate strategy.
The following roles report to the Co-CEOs of CRI:
Group CFO and CAO: Donna Dreuth is the CRI CFO, responsible for
all aspects of Corporate Finance, Accounting, Treasury, Tax, and
Financial Planning. As CAO, she is also responsible for managing
Human Resources, Information Technology, Legal, Captive Finance,
Captive Travel, Administration and Buildings, as well as the
Captive Investors Fund.
Chief Growth Officer — CRI: John Pontin is responsible for all
aspects of growing group captive solutions for both P&C and
Health Solutions. His responsibilities include all P&C and
Medical Stop Loss Captive Executives and Business Development
Executives on any topics related to growth, and Marketing. John is
also responsible for all broker relationships across both P&C
and Medical Stop Loss.
Chief Strategy Officer — CRI: Mark Knipfer is responsible for
working with the Co-CEOs to develop the overall corporate strategy,
as well as collaborating with the CFO/CAO and Business Unit
Presidents to measure, monitor, and execute the actions necessary
to meet CRI’s overall goals.
President — P&C: JP Boulus is responsible for all aspects of
growing and managing group captive solutions for P&C risks. His
responsibilities include all P&C Captive Executives and
Business Development Executives, as well as P&C Underwriting,
P&C Risk Management Services (risk control and claims
management professionals and third-party service providers),
P&C Operations / Program Management, and Broker Re.
President — Health Solutions: Steve Gransbury is responsible for
all aspects of growing and managing group captive solutions for
Health risks. His responsibilities include all Medical Stop Loss
(MSL) Captive Executives and MSL Business Development Executives,
MSL Underwriting, MSL Operations / Program Management, Health
Solutions Vendor Services, and Health Risk Management &
Wellness.
President — Edgewater Actuarial Insights, LLC: Bob Effinger
leads an independent actuarial and management consulting firm
created to service the specialized actuarial needs of the captive
insurance industry. Edgewater plays a crucial role in helping
captives and their owners to measure, quantify, and manage
risk.
President — Kensington Management Group, Ltd: Erin Brosnihan
leads a full-service captive management firm with a diverse
portfolio of single parent and member-owned group captives.
As part of building this enhanced organization, CRI recently
hired three senior executives. Their roles and backgrounds are
briefly described below:
Steven Gransbury joined CRI in April as President, Health
Solutions and reports to the Co-CEOs. Prior to joining CRI, Steve
was Head of Specialty for QBE North America.
Mark Knipfer joined CRI in January as Chief Strategy Officer and
reports to the Co-CEOs. Prior to joining CRI, Mark was Chief
Operations Officer at Zurich North America.
Terry McCafferty joined CRI in December 2023 as CUO, P&C and
reports to JP Boulus, President, P&C. Prior to joining CRI,
Terry was President and Chief Executive Officer of Falls Lake
National Insurance Company at James River Holdings.
Chief Executive Officer Nick Hentges commented, “I am very
excited about the recent changes and additions to our leadership
team. These changes position Captive Resources for the continuing
robust growth we’re seeing in both our Property & Casualty and
Health Solutions businesses.
“We spend a great deal of time thinking strategically about the
future and ensuring we have a management team that will continue
moving Captive Resources forward. The key to our success is
providing outstanding service to our clients and their brokers.
Building our management team and remaining focused on hiring the
very best talent is critical to giving our clients the exceptional
captive experience that has become a hallmark of our company."
About Captive Resources
Captive Resources, LLC is an independent consulting company
specializing in creating and overseeing the operations of
member-owned group captive insurance companies. Currently, it
provides consulting services to forty-six group captive insurance
companies with approximately 7,000 member-companies, and that
combined, total more than $4.5 billion in annual insurance
premium.
For more information about Captive Resources, visit its website:
www.captiveresources.com or contact John Pontin, Chief Growth
Officer at 847.230.8431.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521099827/en/
Sandra Springer 847.879.2845 sspringer@captiveresources.com