Board of Directors

  • Lance Abbott

    Board Chair*
    BevCap Management, LLC, McKinney, TX

    Lance Abbott is President of BevCap Management, LLC, Director of BevCap Captive Group, and Director/Shareholder of BevCap Sponsored Cell Captive in McKinney, Texas. He founded BevCapManagement in 2008 to manage BevCap Captive Group, a newly formed homogeneous group insurance captive for beer distributors. Prior to forming BevCap Management, Abbott worked as a Field Marketing Manager for The E&J Gallo Winery and as Western Region Sales Manager for a beer equipment manufacturer. Abbott then joined his families’ business, Allied North America Insurance,to serve the financial needs of the beer distributors with whom he had worked his entire career.

  • Renea Louie

    Vice Chair*
    Pro Group Captive Management Services, Carson City, NV

    Renea Louie joined the Pro Group family of companies in 2005. She serves as Vice President of Pro Group Captive Management Services. Mrs. Louie is an accomplished business professional with extensive experience and knowledge in the Alternative Risk Transfer industry. Pro Group, since 1995 is known as the premier administrator of self-insured groups for workers’ compensation and approved Captive Manager specializing in alternative risk transfer solutions for businesses of all sizes and types across the United States. Prior to joining Pro Group, she held top level roles in the high-tech industry.

    Mrs. Louie has 29 years’ experience in senior management, operations, IT, marketing and administration. She is responsible for the day to day operations of the Pro Group companies. She oversees and manages marketing, underwriting, accounting, audit, risk management, client and regulator relations, client acquisition & retention, regulatory compliance and corporate communications and standards.

    She is a respected industry leader and her experience includes procurement, management, and team oversight of complex national and global risk management clients using her authoritative experience in the feasibility, formation, licensing, and ongoing management for all forms and types of captives and Self-Insured Groups.

    Mrs. Louie has served the industry as a Board member on the International Center for Captive Insurance Education (ICCIE) for 2 terms totaling 6 years and continues to serve on the marketing committee. She has served on numerous committees over the past 15 years and is a member of many state and national associations including Nevada, Utah, Arizona, Vermont, Tennessee and others and chairs several currently. She currently serves on the SIIA Federal subcommittee on regulation, the Western Region Association, Nevada Captive Industry Council/Secretary and Director and is an elected Director of the Captive Insurance Companies Association (CICA) in her third term, and 2 years ago was elected as an officer serving as the Secretary/Treasurer of the global organization.

    She is an esteemed longtime member of the Risk and Insurance Management Society (RIMS) and has been recognized and awarded for outstanding achievements in the industry and a recipient of the scholar award. She was also awarded the prestigious Fellow Status by ICCIE.

    Her unique and wide range of skill sets and experience in the formation and ongoing operations of all types of captives and groups has enabled her to become an engaged leader in the industry in the last decade and is a frequent speaker and commentator at industry conferences and meetings. She holds degrees in Risk Management and in Insurance as well as an ACIT. Mrs. Louie is based at the Corporate Headquarters in Carson City, Nevada.

  • Nicholas Hentges

    Captive Resources, LLC Itasca, IL

    Nicholas J. Hentges has an extensive background with insurance company, brokerage, and captive consulting and management operations. Early in his career, Hentges held several management positions in underwriting and marketing with Cigna before moving to Kirke Van Orsdel, a regional broker specializing in association programs. In 1993, he joined Captive Resources to develop and manage both homogeneous and heterogeneous member-owned group captives. He was a member of the management team that acquired the
    assets of Captive Resources and Cayman Islands-based sister company Kensington Management Group from its publicly held parent company in 2002.

    Hentges uses his 26 years of captive experience to educate corporations about the benefits of pooling their resources and lowering their insurance costs through the formation of member-owned group captive insurance companies. As Co-CEO of Captive Resources, which represents 4,700 shareholders in 40 member-owned homogeneous and heterogeneous group captives with total annual written premium of $2.7 billion, Hentges oversees business development, administration, finance, claims and risk control, travel, and human resources, in addition to focusing on the company’s long-term strategic plans.

  • Steve McElhiney

    Immediate Past Chair*
    Artex Risk Solutions, Dallas, TX

    Steven M. McElhiney, MBA, MS, CPCU, ARe

    In November 2019, the full team of EWI Re, Inc. was acquired by Gallagher Artex from NL Industries, Inc. EWI Re, Inc. is now part of Artex Risk Solutions and provides reinsurance solutions globally for Artex captive and mutual transactions. Steve is a Senior Vice President and Director of Reinsurance for Artex globally.

    EWI Re is a global reinsurance intermediary with a particular expertise in captives, supply chain, and wind-up transactions.

    Steve served as the Chief Risk Officer for the parent company, Contran Corporation as well as the President of their Captive insurance company, Tall Pines Insurance Company of Vermont and EWI Re (UK), Ltd., EWI’s London based subsidiary and Lloyd’s brokerage.

    Steve’s insurance industry experience spans over two decades with several global insurance groups such as Fireman’s Fund (Allianz), Transamerica, Argo Group, and Overseas Partners US Re (UPS). He has served in the roles of CFO, Corporate Treasurer, Reinsurance division executive, and Board member. He has an extensive background in insurance run-off and commutation issues and has lead those efforts at various organizations.

    Steve is a member of the Board of Directors of  the Captive Insurance Companies Association (“CICA”), the global association for captive insurance companies. He is a Past President and Chairman of the CPCU Society (2011-2012), and a Past Chairman of the Board of the Vermont Captive Insurance Association (2011-2013). He is on the Advisory Board of AIRROC where he is leading an initiative around finality transactions for Captives.

    Steve has a MBA in Corporate Finance, a MS in Global Supply Chain Management, and a Bachelor of Science in Business Administration, cum laude, from the University of Southern California.

    Steve has been interviewed and quoted in a variety of insurance publications and is a frequent panelist at Reinsurance, Capital Markets, CPCU, Captive, and Risk Management industry events. In 2020, he was named to the Captive Review Power 50 List at rank 31. He is the author of “Fundamentals of Reinsurance and Reinsurance Markets”, published by IRMI.

  • Courtney Claflin

    University of California, Office of the President, Oakland, CA

    Courtney is the Executive Director of Captive Programs for the University of California, Office of thePresident. Current captives under his direction include Fiat Lux Risk and Insurance Company, a singleparent captive and UC Health RRG, A Reciprocal Risk Retention Group. The University of Californiasystem consists of 10 University campuses, 5 academic health systems, and 3 national laboratories,incorporating over 240,000 students, 280,000 faculty and staff, $30 billion of annual revenues and morethan 1.7 million alumni living and working around the world.

    As Executive Director, his role is the development, implementation and management of the captives andall captive activities. This includes strategic planning and management of current captive programs andthe formulation and development of new risk financing strategies utilizing captive insurancearrangements.

    Previously, he spent 30 years in the insurance brokerage community as a direct writing agent,independent broker and ultimately a captive insurance practitioner. He is the principal architect ofnumerous single parent, group, health, micro and association captives and was named The 2016 CaptiveProfessional of the Year at the Captive Review 2016 US Captive Services Awards. In addition, the captiveinsurance company he manages, Fiat Lux Risk and Insurance Company, was named the 2017Outstanding Captive Insurance Company of the Year by the captive insurance industries nationalassociation, CICA. In 2017, Risk and Insurance Magazine also recognized Mr. Claflin as one of theirNational Risk All Stars. Mr. Claflin is also a member of the faculty for the International Center for CaptiveInsurance Education which provides the captive insurance industries pre-eminent professionaldesignation.

  • Colin Donovan

    STICO Mutual Insurance Co., RRG Deerfield, IL

    Colin Donovan is the President of STICO Mutual Insurance Company, A Risk Retention Group, which specializes in general liability, pollution liability, and contractual liability insurance for 120 storage tank manufacturers, pressure vessel fabricators and petroleum equipment contractors throughout the country.

    Starting with STICO in 1998, Colin oversaw the underwriting, marketing, reinsurance placement and investment management before assuming the presidency in 2015.

    Colin earned his B.S. in Marketing and B.S. in Mass Communications from Miami University in Oxford, Ohio in 1995 and earned his M.B.A., with Distinction, from DePaul University in Chicago, Illinois in 2002. He also earned his Associate in Captive Insurance from the ICCIE program in 2008.

  • Deyna Feng

    Cummins Inc. Indianapolis, IN

    Deyna Feng is Captive Program Director with Cummins Inc. for over 4 years, managing one single parentcaptive – Dynamo Insurance Company, Inc. and running off programs of 3 offshore group captives. InMarch 2017 Deyna successfully lead the sale of ICDC, one group captive acquired during Cummins business development. Deyna also leads global risk mitigation projects and initiatives, including globalloss engineering on Property and Business Continuity Planning (BCP) stress test. Before this role, Deyna Feng was based in Beijing, China for 4.5 years, responsible for Regional Risk Management in Asia Pacific, including insurance procurement, risk mitigation, and claim management.

    Before joining Cummins, Deyna was one of the lead loss adjusters for Crawford China for 4 years,working with domestic and international insurance companies for large claims of all property andcasualty lines, especially products liability and recall, and general liability claims for multinational fivestar hotel groups. Deyna also worked in other occupations of 2 other companies in China, relating togeneral management and B2B advertising for 5 years.

    Deyna Feng holds a bachelor’s degree of Economic Law, and ACI designation certificate. Deynaparticipated in postgraduate study of Economic before relocating to the United States. In 2017 Deynaearned her 6 Sigma Green Belt and won the Finance Business Impact Award at Cummins. Deyna Fengvolunteers with the RIMS International Council and now is chairing the council in 2019. Deyna is on theboard of director of the Captive Insurance Companies Association (CICA).

  • Fredrik Finnman

    Sandvik Group Stockholm, Sweden

    With more than 10 years’ experience from risk management and insurance, Fredrik is currently Head of Group Risk Management at Sandvik, a global engineering group headquartered in Sweden. Sandviks business is focused on mining and rock excavation, metal-cutting and materials technology. The group has a Swedish domiciled captive.

    Previously Fredrik was Group Risk & Insurance Manager at ASSA ABLOY, the world’s largest supplier of locks and automatic doors, and prior to that he worked in the insurance industry.Fredrik also held the position as President for the Swedish Risk Management Association (SWERMA) between 2012 and 2015.

  • Heather McClure

    OU Medicine Oklahoma City, OK

    Heather McClure, JD, LL.M., is Chief Risk Officer for OU Medicine, Oklahoma’s most comprehensive health system, including OU Medical Center, The Children’s Hospital, OU Medical Center Edmond, Stephenson Cancer Center, OU Medicine Breast Health Network and Valir Rehabilitation Hospital.

    Heather’s position also encompasses the physicians’ academic medical practice. There she directs the operations of the combined Risk Services department, which includes the Risk, Claims, and Insurance divisions, managing risk involving all entities of the OU Medicine system as well as over 2300 faculty physicians, resident physicians, and medical students at both the Oklahoma City and Tulsa health sciences campuses and around the state.

    Heather is an attorney licensed in Oklahoma, Texas, and Vermont with a legal specialization (LL.M., Masters of Law) in Health Care Law. She has worked exclusively for health care providers and medical systems for the past 25 years including at Chicago’s Rush Presbyterian St. Luke’s, Texas Health Resources, and in large health care law firm settings. She is a past Chair of the Board of Directors of the Vermont Captive Insurance Association, and is active in other national and international domiciles as a frequent speaker and teacher on risk management and captive insurance topics.

    In her role as Chief Legal Officer and Vice-President of Operations for Academic Physicians Insurance Company, the captive insurer of both the physicians’ practice and the hospital system, Heather advises the board of directors and directs the insurance and reinsurance programs of the hospital system on all lines of insurance.

    Heather is passionate about the philosophy of improving patient care and organizational risk through financial accountability and the captive insurance model. She enjoys travel, speaking regularly at industry conferences, and spending time with her family.

  • Mary Ellen Moriarty

    EIIA, Chicago, IL

    Mary Ellen Moriarty has been actively engaged in the insurance industry for over 30 years in positions
    within national insurance brokerages as well as commercial insurance carriers. She joined EIIA in 2002,
    as the Vice President for Property & Casualty, focusing her extensive insurance experience on the higher
    education industry group. Mary Ellen received a Bachelor of Science from Northern Illinois University, a
    MBA from DePaul University and a Masters of Pastoral Studies from Loyola University. She currently
    holds the Chartered Property & Casualty Underwriter (CPCU), Associate in Risk Management (ARM), and
    Associate in Captive Insurance (AIC) designations.

  • Michael Scott

    Law Office of Allison & Mosby Scott Bloomington, IL

    Michael T. Scott is an attorney at Allison & Mosby-Scott where he heads the firm’s Business Law practice and serves as President of Allison & Mosby-Scott Risk Management, the firm’s risk management consulting practice. Michael’s practice areas include captive insurance company taxation, formation and regulation; business and commercial litigation; business organization and transactions; mergers and acquisitions; ERISA; and contracts. Michael leverages his 22 years of legal experience and his unique skills as a strategic thinker and problem solver to help clients solve complex legal issues and to achieve their strategic goals. Michael is also a Senior Risk Advisor with Hanover Stone Partners. Prior to joining the firm, Michael was Vice President, Insurance & Risk Management at Archer Daniels Midland Company (ADM) and President and General Counsel of Agrinational Insurance Company, the captive insurance company of ADM. Under his leadership Agrinational became one of the most admired captive insurance companies in the world. Agrinational was named the 2012 Captive Insurance Company Association Outstanding Captive award winner as well as the 2012 World Captive Forum Award of Excellence winner. Agrinational was also one of the first companies to receive Department of Labor approval to reinsure US employee benefits.

    Michael also has extensive experience in business formation, mergers and acquisitions and regulation. He oversaw the acquisition of a crop insurance MGA, its growth to $500 million of gross written premium, and ultimately its sale for a gain of $120 million. He was also responsible for the formation and operation of an Illinois captive insurance subsidiary and the acquisition and operation of an Arizona insurer licensed in 42 states.

    Michael is a frequent speaker on risk management, insurance, and captives and is a published author who has served on many boards. He served as a Director and member of the Audit Committee of United Insurance Company, a Cayman Island insurer, served on the Chubb and Swiss Re Client Advisory Panels and currently serves as a Director for the Captive Insurance Companies Association. He has also served in leadership roles at the American and Illinois State Bar Associations.

    Prior to his time at ADM, Michael served as a corporate attorney for State Farm Insurance Companies in Bloomington, Illinois. In addition to being licensed to practice law in the State of Illinois, Michael holds the CPA, CRM, CPCU, CLU, ChFC, FLMI, ARM, ARC, AIC, AMIM, ARe, AIAF, AU, and CGMA designations. He is a graduate of the University of Illinois and Southern Illinois University School of Law. Michael and Michelle, his wife of over two decades, have three children and live in Bloomington, IL. Michael enjoys golf, sports with his kids, and travel.

  • Daniel D. Towle

    CICA President
    Captive Insurance Companies Association (CICA)

    Mr. Towle has been President of CICA since April of 2017. Previously, he worked as the Director of Financial Services for the state of Vermont for 17 years. At Vermont he was the chief marketing and business development professional for the state’s captive insurance industry and was instrumental in its growth. During his tenure more than 500 captive insurance companies were licensed in Vermont.

    CICA is the premier global, domicile-neutral captive insurance association. CICA brings together approximately 400 members from all sectors of the captive industry to network, share best practices and provide a unified voice on issues impacting the industry.

    CICA works to protect the captive industry. CICA monitors emerging issues and regulatory changes in the U.S. and around the world. Together with its advocacy partners, CICA can proactively help mold laws and regulations affecting the captive industry. CICA was the 2018 US Captive Award Winner for “Industry Advocate”.

    CICA champions development of the next generation of captive insurance professionals. Since becoming President, Towle has launched initiatives to educate students and young professionals on career opportunities in captive insurance and give captive leaders insights on how to make captive careers appealing to young professionals. Programs include a new mentorship program, a college essay contest for insurance and risk management students, and new opportunities for young professionals. He also encouraged the CICA Board to add academics to represent the needs of students and young professionals at a strategic level. Current academic board members are from the University of California and Temple University.

    CICA annually hosts an international conference in the US and biennially co-hosts an international conference in Luxembourg. In 2018 CICA was proud to host students from Butler and Temple Universities and have them present on educational panels at the U.S. conference.

    Towle is a frequent presenter at conferences throughout the U.S. and internationally. He is highly visible in international media and is viewed as an authority on captive insurance. He has been recognized for his contributions to the global captive insurance industry and was voted #10 in the 2018 British publication, Captive Review Magazine “Power 50” which recognizes the most influential individuals in the global captive insurance industry.

    He currently serves on the Board of Directors for the International Center for Captive Insurance Education. He previously has served as an Advisory Board Member for World Captive Forum, Chaired the Risk & Insurance Management Society Exhibitor Advisory Committee and was active in various capacities with the Vermont Captive Insurance Association.

    Prior to his role with the State of Vermont, he was a Business Development Officer at Vermont National Bank. During his 10-year tenure with the bank, he worked in various capacities including branch banking, corporate banking services, and served for a year on the bank’s prestigious corporate re-engineering team.

    Towle is a graduate of the University of Vermont, has two children, two step-children and is married to Anne Marie Towle, who also works in the captive insurance industry.

  • M. Michael Zuckerman

    Temple University, Philadelphia, PA

    Professor Zuckerman is an Associate Professor Instruction, Temple University’s Fox School of Business in Philadelphia, and the Academic Director for the Fox School’s Risk, Insurance, and Healthcare Management Department (RIHM) Enterprise Risk Management initiative. This activity includes the development and ongoing management of its annual Enterprise Risk Management Conference at Fox, which began in 2018.

    Professor Zuckerman rejoined the Fox School full-time in 2012 from Aon, where he served as Managing Director and Alternative Risk Financing Practice Leader for the Health Care Industry Group. Professor Zuckerman’s more than three decades of industry experience include executive positions at Thomas Jefferson University, Willis, Marsh, and Temple University Health System. He also consults on Risk Management and Insurance issues and is also a frequent speaker and writer on Alternative Risk Financing and general risk management issues. His experience includes thirty-six years in Captive Insurance.

    Professor Zuckerman’s teaching experience includes:

    • Risk Financing (undergraduate)
    • Managing Risk Across the Enterprise (undergraduate writing-intensive capstone course)
    • Enterprise Risk Management (MBA and EMBA)
    • Captive Insurance Company Management (CE Course)


    Professor Zuckerman’s education includes:

    • Temple University Fox School of Business BBA and MBA
    • University of Illinois at Chicago John Marshall Law School Juris Doctor (JD)
    • International Center for Captive Insurance Education (ICCIE) Associate in Captive Insurance (ACI) and Fellow designations


    Professor Zuckerman is most passionate about:

    • Designing Alternative Risk Financing/Transfer Programs within a SERM Framework
    • Educating the next generation of risk management professionals
    • Working with Families Forward Philadelphia to provide needed resources to homeless children and their families.

*Executive Committee Members

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