The Utah Captive Insurance Association (UCIA) elects Joe Streck to its board of directors at its recent annual membership meeting. Streck succeeds Diane Thompson, who has stepped down from the board due to increased work responsibilities. He is associate vice president of consulting and management at Innovative Captive Strategies, where he leads the firm's domestic captive consulting and management team and is involved in captive formation, management and compliance. Streck is based in Bigfork, Montana, and has been with ICS since 2017. Streck brings close to 20 years of insurance experience to the UCIA board, with expertise in property and casualty captives and employee benefit captives. He consults on, monitors and manages captive programmes across several domiciles, both onshore and offshore, and serves as a director or resident officer for captive programmes when required. Before joining ICS, Streck spent nine years at National Indemnity Company in Omaha as an insurance data administrator, with a focus on financial analysis and regulatory compliance. He is pursuing the CPCU designation. Streck says he is "honoured and thankful to be given this opportunity by UCIA members" and is looking forward to "contributing to and supporting Utah's continued success as a leading captive domicile". The UCIA is a not-for-profit association that promotes alternative market mechanisms and services in the United States and internationally, and works to increase the visibility of Utah as a domicile for alternative risk financing entities, activities and facilities. Its membership includes captive insurance managers, CPA and audit firms, actuaries, financial professionals and attorneys.
