Iroquois Captive Services LLC has named Belinda Fortman as managing director of captive management.
Fortman will lead Iroquois’s captive management team, joining the leadership team of managing director of underwriting and consulting Bob Davidson, managing director Andy Rhea, and operations manager Cathy Colbert.
Fortman previously served as regional manager for Strategic Risk Solutions (SRS) and was responsible for oversight of SRS’s clients in Tennessee.
Her insurance career began nearly 20 years ago and includes acting as managing director for a captive insurance subsidiary of a publically held insurance company.
She transitioned to captive management over 12 years ago and, prior to joining SRS, was the operations manager for a large independent captive management firm, where she was responsible for Vermont and Washington DC-domiciled captives.
Fortman has overseen and managed a wide variety of captive insurance companies, including single parent, group, special purpose, protected cell, industrial insured captives and risk retention groups.
Her industry experience includes healthcare, financial services, religious and government entities, real estate, and agriculture.
“Fortman is an outstanding executive who has been a key part of the success of the growth of the captive insurance industry in Tennessee,” said Bill McGugin, president and CEO of Iroquois.
“We couldn’t be more excited to have her join the Iroquois team and lead our captive management efforts. Combined with the excellent professionals we have in place, Iroquois is positioned to become a national leader in the captive management industry,” McGugin added.
Fortman commented: “I am enthusiastic about the opportunity to lead Iroquois’s captive management efforts and build upon the solid foundation that has been established since the company’s formation.”
“I look forward to utilising my depth of experience with other captive management firms to contribute to the continued success of Iroquois as a leading independent captive manager.”
