Vermont captive reinsurance company FRMT has appointed Kimberly Trimble as its first CEO.
Trimble recently retired as senior vice president of RSUI Group, having spent almost two decades with the company and its predecessor, Royal Specialty Underwriters.
David Warren, chairman of FRMT, stated: “Our company undertook an extensive strategic plan and determined that we needed a full-time CEO.”
Warren added: “Kimberly Trimble is the perfect fit for our current and future needs. On behalf of the FRMT board of directors, our member delegates and our over 100,000 insured members, we are extremely fortunate to have Trimble as part of our organisation.”
FRMT, the successor to the Fraternity Insurance Trust, began in 1992, evolving into a Bermuda captive in 1996 and then domesticating in Vermont in 2007.
The captive reinsurance company provides insurance services to 32 college Greek organisations.
Commenting on her new role, Trimble noted: “It is an honour to be selected for this position. I would like to thank the board of directors and executive committee for the opportunity to work with an organisation that is extremely well run by a very dedicated group of people. I look forward to contributing to the continued success.”
