The Connecticut Insurance Department has named risk specialist Janet Grace to oversee its captive insurance unit.
Grace has experience in risk identification and coverage analysis, business process redesign, risk financing, strategic business planning, underwriting and reinsurance.
She takes over from John Thomson, who was promoted to deputy commissioner in April 2015 after leading the captive insurance unit for three years.
Insurance commissioner Katherine Wade commented: “As the interest in Connecticut captives continues to grow, Grace’s knowledge of the industry and her creative and consultative approach are the perfect combination for companies seeking to domicile their captives in the state.”