Group captive experts Captive Resources, LLC (CRI) has announced the creation of two business units and confirmed additions to its executive committee.
The group captive consultants has experienced significant growth in medical stop loss in the past five years.
As a result, it has now created two separate business units – Property & Casualty (P&C) and Health Solutions.
Steven Gransbury, previously head of specialty at QBE North America, has been appointed president of Health Solutions, while JP Boulus is president of P&C.
Donna Dreuth is now chief financial officer and chief administrative officer, while John Pontin is chief growth officer.
Boulus, Dreuth and Pontin are part of the executive committee also including co-CEOs Nick Hentges and Mike Foley.
CRI has also appointed Mark Knipfer, previously chief operations officer at Zurich North America, as its chief strategy officer, and Terry McCafferty, formerly president and CEO of Falls Lake National Insurance Company at James River Holdings, as its chief underwriting officer for P&C.
“I am very excited about the recent changes and additions to our leadership team,” said CEO Nick Hentges.
“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.”
CRI also has two subsidiaries – Kensington Management Group, LLC, a full service captive management firm led by its president Erin Brosnihan, and Edgewater Actuarial Insights, LLC, led by president Bob Effinger.
“The key to our success is providing outstanding service to our clients and their brokers,” Hentges added.
“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.”