The Hawaii Department of Commerce and Consumer Affairs Insurance Division has appointed Andrew Kurata as deputy commissioner and captive insurance administrator.
Kurata, who previously held the role in an acting capacity, has been with the insurance division since 2011 and has also served as a captive insurance examiner and captive insurance programme specialist.
He will be responsible for overseeing the ongoing regulation of all captives licensed in the state under the insurance commissioner Gordon Ito, including monitoring for regulatory compliance, reviewing filings, coordinating on-site examinations, and promoting the growth and development of the captive insurance industry.
On the back of a strong year last year, there were 230 actively licensed captives in Hawaii at year-end 2017, with aggregate premium writings over $7.3 billion.
Kurata said he was honoured to have been appointed to the role and looks forward to being part of the continued growth and success of the domicile.
He added: “The Captive Insurance Branch will continue to provide prudent regulatory oversight while forming collaborative partnerships with captive owners and service providers to achieve risk management objectives.”
Commissioner Ito commented: “Andrew Kurata has been a dedicated and important part of our experienced staff in providing a stable, committed and business-friendly environment that makes Hawaii one of the premiere domiciles in the world.”
“The Insurance Division will benefit from his leadership and look forward to the continued success of our captive insurance industry.”
