The Missouri Department of Commerce and Insurance has appointed Martin “Sam” Komo as captive manager.
In his new role, Komo is responsible for the development of captives domiciled in the state of Missouri, as well as outreach initiatives to educate industry stakeholders on the advantages of holding a captive under Missouri law.
As part of the department’s insurance company regulation division, he will work to monitor and analyse the financial conditions of insurance companies licensed in the state to ensure they are able to pay claims.
Komo previously served as community development block grant disaster recovery manager in the Missouri Department of Economic Development, before which he was twice elected as a Missouri state representative and a ranking member of the Job Creation and Economic Development Committee.
Chlora Lindley-Myers, director of the Department of Commerce and Insurance, comments: “Sam Komo is the ideal candidate to reinvigorate Missouri’s captive programme and to maximise its benefit for Missouri businesses and beyond.”
“I am excited to have someone of Komo’s caliber take the reins of the captive programme. His technical expertise, coupled with his strong track record of community and industry outreach, make him the ideal fit,” adds John Rehagen, director of the department’s insurance company regulation division.
