Debbie Walker has been appointed director of captive insurance for the North Carolina department of insurance.
As head of the department's captive insurance section, Walker will be responsible for analysing captive insurance license applications and overseeing the ongoing regulation of licensed captive insurers in North Carolina.
Wayne Goodwin, insurance commissioner, said: "I can think of no one better equipped to take on the exciting challenge of growing the captive insurance market in North Carolina. In addition to a wealth of professional experience, Debbie Walker brings an exceptional level of customer service to this position."
Walker, a certified public accountant, has worked in financial regulation at the department for more than 20 years and was named chief financial analyst in 2006. Prior to coming to NCDOI, she held various accounting roles in the private insurance industry.
Walker said: "I am enthusiastic about my new role as director of captive insurance, and I look forward to working with captive managers, captive insurers and other captive service providers. It is my goal and the department's goal to make North Carolina a respected and leading captive domicile. I feel confident that, with our sensible pro-business approach to regulation and our responsive and knowledgeable staff, we will be successful."
North Carolina became a domicile for captive insurance companies in late October 2013 with the enactment of the North Carolina Captive Insurance Act. The department licensed its first four captive insurance companies in December 2013.
