The North Carolina Captive Insurance Association (NCCIA) has announced that Thomas Adams will retire as president & CEO of the association in October.
As one of the four founders of the NCCIA, Adams has served in the position since 2013.
He has more than 45 years of experience in the sector, where he has served as chief executive at a number of international associations, such as the Medical Group Management Association, the Association of Clinical Research Professionals, the Board of Certified Safety Professionals, and the Wisconsin Medical Society.
Commenting on his decision, Adams says: “There comes a time when you realise you are ready to pass the reins to new leadership. As I leave, NCCIA is well-positioned to achieve its next level.”
He believes this is an ideal time to transition the organisation into new leadership, as the board has adopted a new strategic direction plan.
“I am grateful for the many close friendships formed in the captive insurance industry, who have served me and North Carolina well,” adds Adams. “I do not doubt that my successor, with the counsel of the board’s leadership, will be able to nurture and continue the growth of NCCIA.”
The Executive Search Committee of the NCCIA has interviewed a group of qualified candidates, and the new CEO will be announced at the 2025 Conference in Charlotte.
Lea Riddle, incoming chair of NCCIA, comments: “Tom’s departure as our CEO is truly an inflexion point for our domicile.
“His leadership in the beginning at the General Assembly, vision for the domicile's growth, and extensive association management expertise contributed significantly to our success, and were invaluable to the growth of our organisation and the North Carolina domicile.”
