Captives Insure has appointed Joe McDonald as executive vice president and director of captive consulting.
He will be responsible for overseeing the company’s consulting platform and advising on strategic initiatives to enhance Captives Insure's offerings.
McDonald, who was director of captives for the South Carolina Department of Insurance (SCDOI), brings to the company a wealth of experience and expertise in the insurance industry, particularly in the realm of captive insurance.
During his tenure at the SCDOI, McDonald was instrumental in overseeing the regulation and growth of captive insurance companies within the state, contributing to South Carolina becoming the fourth largest captive domicile in the US.
Prior to that, he was captive and risk finance product manager at the International Risk Management Institute, and licensing coordinator and consumer liaison at the SCDOI.
Welcoming McDonald to the team, Nate Reznicek, president of Captives Insure, remarks: "Joe's reputation, expertise and deep understanding of the captive insurance landscape will be invaluable as we continue to expand our services and support our clients in navigating the complexities of captive insurance.
“Joe’s addition underscores our company's steadfast commitment to providing top-tier captive insurance services and innovative solutions to our broker and captive manager clients.”
McDonald says: "I am thoroughly excited to join Captives Insure and contribute to its mission of delivering unparalleled value to our clients. I will effectively leverage my experience to assist the company and support Captives Insure's impressive growth trajectory.
“I am confident we will enhance our services, achieve new milestones, and continue to create something special together."
