David Snowball has been appointed as the new director for the captive division of the Utah Insurance Department, replacing Ross Elliott who retires at the end of the month.
Under Elliott’s stewardship, Utah went from 12th to 4th in the world in terms of domiciled captives.
“My focus as director is to maintain the legacy Elliott is leaving of being consistent, responsive and reasonable,” said Snowball.
Snowball joined the Utah captive division in July 2010. As it grew from four to nine insurance professionals, he contributed to its growth from 148 captive companies to 340 and an additional 60 cells.
Before joining the captive division, Snowball owned an income tax preparation business, which included five offices and 50 employees. He was previously a comptroller for a construction company.
“I am excited that we have the experienced and technical staff in the division to be able to promote from within,” said Utah insurance commissioner Todd Kiser. “By doing so we will maintain the critical continuity and consistency in the Utah captive programme.”
