Belinda Fortman has left her position as Tennessee’s captive insurance section director just over one year after taking up the regulatory role. Fortman was appointed to lead the fast growing captive jurisdiction in June 2020 after a long and varied career in captive management. Fortman will be joining Innovative Health Holdings as the company’s executive vice president.
She said on her departure: “I leave the captive section with a broad bench of very talented captive insurance regulators and am confident they will continue to reflect the Tennessee captive section’s reputation of being service oriented and business friendly.” The Tennessee Department of Commerce and Insurance (TDCI) has struggled to find a long term captive section leader since Michael Corbett, who held the role for nine years, left in 2020.
Kevin Doherty, chairman of the Tennessee Captive Insurance Association (TCIA), said that Fortman’s “contributions to the TDCI’s captive section include expanding the team, promoting talent to leadership roles, and providing expert guidance to the TDCI to build upon Tennessee’s tradition of ‘regulating to yes.’” He added: “We welcome her continued support as she transitions back into the private sector.”