Former AIG captive specialist David White has been appointed the new chief financial and operating officer for EdRISK and edHEALTH.
EdHEALTH is a group medical stop-loss captive for higher education and secondary schools, which recently converted to a cell structure.
The captive has more than $325m of annual funding and more than $18m of capital reserves.
The edHEALTH programme is a part of edRISK, a sponsored captive domiciled in Vermont.
“I am so proud that David has agreed to join our organisation,” said Tracy Hassett, president and CEO of edRISK and edHEALTH.
“His broad skill set, intelligence, innovative yet pragmatic thinking, and commitment to the financial well-being of our member-owners will benefit our schools, captives, and business partner.”
White has more than 20 years of experience in the captive industry, including 13 years as vice president of US captive operations at AIG.
He has also served as edHEALTH’s captive manager since its formation and is the former chair of the Vermont Captive Insurance Association’s (VCIA) legislative committee.
“Education is so personally important to me,” White said. “Having this opportunity to join edRISK and edHEALTH full-time, especially as it is growing and increasing services offered to schools, is an honour.”
“I look forward to partnering with our schools to maximize opportunities for having their insurance perform well, both financially and how it serves employees’ overall health and well-being.”
EdRISK CEO Tracey Hassett was interviewed for episode 38 of the Global Captive Podcast in September 2020. Listen to the episode here.