Prabal Lakhanpal has been elected to chair the board of directors of the Captive Insurance Companies Association (CICA) for the 2026-2027 term. Lakhanpal, who serves as senior vice president at Spring Consulting Group, an Alera Group Company, LLC, succeeds Heather McClure, managing partner at Helio Risk, LLC, who transitions to the role of immediate past chair. A member of CICA since 2018, Lakhanpal was instrumental in the launch of the CICA NEXTGen programme and previously served as its chair. Since joining Spring Consulting Group in 2015, he has led captive insurance and alternative risk funding initiatives for several large US employers, with a specific focus on employee benefits. Commenting on his appointment, Lakhanpal says: “CICA has been an incredibly rewarding professional community for me. What I appreciate most about being a member is the collaborative spirit and shared commitment to advancing the captive industry.” He adds: “As chair, I’m looking forward to working with our board and volunteer leaders to further strengthen member engagement, enhance our educational offerings, and continue elevating the voice of captives. CICA remains an essential association in today’s environment. As captives become an increasingly strategic component of enterprise risk management, having a strong, unified organisation that supports advocacy, innovation, and best practices is more important than ever.” In addition to Lakhanpal, the board has elected Anjanette Fowler, managing director and senior vice president for the insurance and specialised industries group at PNC, as vice chair. Cheryl Baker, vice president of enterprise risk management at IFO Group, has been named secretary and treasurer. CICA also welcomes three new board members: Karen Hsi Van’t Hul, executive director of captive insurance programmes at the University of California; Aileen Krehbiel, manager of the captive insurance programme at Deere & Company; and Joshua Reding, director of risk management at LifeTime Fitness. Returning board members include David Beyer, director of risk management at Alaska Airlines; Melissa Hollingsworth, chief deputy officer of risk management at Los Angeles Unified School District; Udo Kappes, head of insurance at RWE AG; and Adam Miholic, vice president and head of captives and procurement at Revantage.
