Board Chair Renea Louie affirms CICA is ready for the future.
MINNEAPOLIS ─ MARCH 9, 2022, ─ Renea Louie, ARM, ACI, Fellow, the chief operations officer of Pro Group Captive Management Services, will Chair the Board of Directors of the Captive Insurance Companies Association (CICA).
Louie manages the day-to-day operations and is an accomplished business professional with extensive experience and knowledge in the Alternative Risk Transfer industry. She manages marketing, underwriting, accounting, audit, risk management, client & regulator relations, government relations, client acquisition & retention, regulatory compliance, and corporate communications. With 30 years of experience Louie has been an active volunteer and leader across the U.S. and has served on the CICA Board for the past 4 years.
“It is an honor and privilege to serve as CICA’s 2022-2023 Board Chair. CICA’s strength stems from our members, leadership and staff who are all passionate in serving the industry to create innovation, solutions and progress. The global pandemic has revealed to a much larger universe of business owners the power of captives and the coming years will bring large growth for the industry. With growth comes new challenges, and CICA remains committed to providing the education, insights, perspectives and best practices in all facets of captive operations, guidance, and leadership needed to thrive.”
In addition to Louie, the board elected Nicholas Hentges, CEO Captive Resources, vice chair; and Mary Ellen Moriarty, vice president for Property & Casualty, EEIA, as Secretary/Treasurer. Lance Abbott, BevCap Management LLC, serves as immediate past chair.
Returning CICA board members are Courtney Claflin, executive director of captive programs, University of California, Office of the President; Colin Donovan, president, STICO Mutual Insurance Company, a Risk Retention Group; Deyna Feng, director captive programs, Cummins Risk International; Heather McClure, chief risk advisor, US Healthcare Practice at Aon; Michael Scott, attorney, Law Office of Allison & Mosby-Scott; and Michael Zuckerman, associate professor, Temple University.
CICA also elected Udo Kappes, head of P&C, employee lines, and reinsurance at Airbus Insurance Risk Management. Kappes’ industry experience includes positions at the German property insurance association (Verband der Sachversicherer) and serving as the inhouse insurance broker of Daimler Chrysler. At Airbus, Kappes is responsible for the group-wide risk transfer of the global property, liability, employee and financial lines risk of Airbus and for reinsurance solutions. He also chairs the Board of Directors of the European Captive Insurance and Reinsurance Owners’ Association (ECIROA).
Prabal Lakhanpal, MBA, ACI, vice president, Spring Consulting Group, who chairs CICA’s NEXTGen Young and New Professionals Committee, begins his appointed term on the board. Lakhanpal has worked in the captive industry since 2015 and works on strategic and innovative alternate funding initiatives related to employee benefits and P&C programs. Prior to joining Spring, he worked in various finance and operational roles across the globe.