CICA Announces New Board Chair, Directors

Mar 22, 2017
MINNEAPOLIS ─ Sarah Pacini, JD, chief executive officer, Cooperative of America Physicians, Inc., has been elected Chair of the Board of Directors of the Captive Insurance Companies Association (CICA) Board. 

sarah.pacini_2015Previously she was vice president of risk management and insurance (and the Chairperson of Advocate Insurance SPC) at Advocate Health Care in Oakbrook, IL. She is a graduate of Purdue University School of Nursing and graduated Summa Cum Laude from DePaul University College of Law with a Juris Doctor Degree and a Certificate in Health Law. She combines her nursing and legal backgrounds in her risk management and captive insurance work. Pacini was also re-elected to an additional three-year term on the CICA Board.

Board Officers: In addition to Pacini, the CICA Board of Directors elected Joel Chansky as Vice-Chair and Steve McElhiney as Secretary/Treasurer.

chansky_joel_sChansky is a principal and consulting actuary in the Boston office of Milliman, Inc. specializing in alternative market issues. He is a frequent speaker on the topics of captives, risk retention groups, and alternative risk financing. Chansky is a faculty member of the International Center for Captive Insurance Education, and a former Board member of the National Risk Retention Association, the Arizona Captive Insurance Association, and the Captive Insurance Council of the District of Columbia. Chansky received his B.A. from Dartmouth College. 

McElhiney 2015 ResizedMcElhiney is the president of EWI Re, Inc. and president of Tall Pines Insurance Company. Prior to joining EWI Re in 2004, his insurance industry experience spanned two decades with groups including Fireman’s Fund, TIG, Overseas Partners US Reinsurance Company, and Argo.  McElhiney is a past president and chairman of the International CPCU Society and is past Chairman of the Board of the Vermont Captive Insurance Association.  He has an MBA in Corporate Finance and a BS degree from the University of Southern California 

Board Directors:  Ken Arguello, Senior Director of Risk Management, Schwarz Partners, LP, was re-elected to a three-year term as a Director, and Carol Frey of Great American Insurance Group and Michael Scott of ADM/Agrinational Insurance Company were newly elected to three year terms as Board Directors. 

Ken_2015_ResizedArguello is the Senior Director of Risk Management for Schwarz Partners, LP, an Indianapolis-based holding company.  Prior to his current role, he was responsible for managing the captive programs of Dow Corning, including reinsuring the global corporation’s US and international employee benefits.  Arguello received his MS in Management and Finance from the University of Colorado at Denver and holds the ARM and CPCU designations.  

Carol FreyCarol Frey is business development manager, alternative markets, Great American Insurance Group. Previously she served in several roles at ACE USA, including development of the captive practice leader role and as vice president underwriting for risk management. She also held several positions at CIGNA. Frey is a speaker/panelist at captive industry events and conferences. She earned a BA and an MBA from the University of Delaware.  

scott_michael_webMichael Scott is vice president insurance & risk management for Archer Daniels Midland (ADM) where he heads ADM’s Insurance & Risk Management Department and serves as President of ADM's captive insurance operations. Prior to joining ADM, Scott served as a corporate attorney for State Farm Insurance Companies. Besides being licensed to practice law in the State of Illinois, Scott holds the CPA, CRM, CPCU, CLU, ChFC, FLMI, ARC, AIC, AMIM, ARe, AIAF, AU, ARM and CGMA designations. He is a graduate of the University of Illinois and Southern Illinois University School of Law.