Michael Arcangel
Senior captive financial analyst
NCDOI
Personal bio: I grew up in Wake Forest, North Carolina, and currently enjoy living in Raleigh, North Carolina, with my wife and two dogs. When I’m not busy regulating captive insurance companies, you can find me mountain biking, woodworking, volunteering, or binging Netflix.
Professional profile: I graduated from the University of North Carolina at Wilmington with a bachelor’s degree in Business Administration with a concentration in Accounting in 2012. Over the last two years, I have worked with the Captive Insurance Companies Division of the North Carolina Department of Insurance (NCDOI). Prior to my work with the NCDOI, I was an auditor for the state’s alcohol beverage control commission for four years. I am currently pursuing my Associate in Captive Insurance designation.
What has been your highlight in the captive industry so far?
I enjoy travelling to conferences to network and to learn from more experienced individuals. I think one of the great things about the industry is that it is expanding, yet small enough where personal connections can be formed and maintained.
What/who have been your influences in the captive industry?
Mostly the leadership of senior deputy commissioner Debbie Walker and all my coworkers with significant insurance and regulatory experience. They have helped me form the perfect blend between being a partner with the industry and my duty as a regulator.
What is your impression of the industry?
My impression is that it is an innovative industry where creative ideas are used to benefit companies’ risk management needs and the industry will continue to be adaptive to those needs. I also think a little more diversity in the industry would be beneficial.
What advice do you have for someone considering a role in the industry?
I am forever grateful I fell into this industry and hope to have a long career in captive insurance. Regulators get an overview of every aspect of the industry and interact with all the service providers needed to manage captive insurance companies. From my viewpoint, I would recommend anyone to consider any role within the industry.
Debbie Walker, senior deputy commissioner, North Carolina Department of Insurance “The NCDOI is very fortunate to have Michael Arcangel as a member of its captive insurance regulatory team. It is hard to believe that Arcangel has only been with the department for two short years. He has made the most of that time, already receiving a promotion to senior financial analyst. Arcangel brings fresh ideas to the projects on which we are working, and he is also analytical, detail-oriented, logical, and technologically savvy.”
