Monday, February 26, 2024

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North Carolina appoints Joe Rosenberger as chief captive analyst

Joe Rosenberger has been appointed chief captive analyst of the North Carolina Department of Insurance (NCDOI) in its Captive Insurance Division.

Rosenberger has been with NCDOI for more than five years, and most recently worked as a senior financial analyst within the Captive Insurance Division.

“Joe is an outstanding ambassador for North Carolina’s captive insurance program,” said Commissioner Mike Causey.

“His ability to genuinely connect with industry professionals and to understand complex captive insurance concepts makes him a valued team member.”

Rosenberger said that he was “thrilled” to be offered the opportunity to help guide the “successful” captive insurance programme North Carolina has built over the last ten years.

“The captive marketplace is growing and constantly transforming, and I look forwarding to working alongside the wonderful team at the NCDOI to continue serving our North Carolina captive insurance companies,” he said.

The NCDOI licensed 62 new captives in 2022, while more than 100 cells and series were also approved.

The licences were a combination of new formations and the transfer of existing captive insurers to North Carolina from other captive domiciles.

In April, The North Carolina Senate unanimously voted to pass SB 319, which would extend the premium tax holiday for captives re-domesticating to the State until 2025.