Captive Resources appoints Devin O'Brien as its head of domestic captive management, based in Itasca, Illinois. O'Brien joins the group captive consultant from Artex Risk Solutions, where he most recently served as executive vice president of captive management for North America. In that role he worked with Artex's domicile teams in the Cayman Islands, Bermuda, Vermont, South Carolina, Hawaii and Arizona, covering single parent, group and cell captives. He brings 11 years of captive insurance experience to the role. During his time at Artex he held several positions, including leading the financial management team overseeing the firm's group captives, and earlier serving as a client services manager based in the Cayman Islands. Before joining Artex, O'Brien spent nearly two years as a senior associate in the captive insurance audit practice at PwC in the Cayman Islands, working on captives writing risk in the United States in accordance with US GAAP. He began his career in audit at PKF South Africa. Captive Resources currently advises more than 53 casualty and medical stop-loss group captives, comprising over 7,700 member companies and US$5.8 billion in annual premium. The firm operates two subsidiaries: Kensington Management Group, a full-service captive management firm, and Edgewater Actuarial Insights, an independent actuarial and management consulting firm. Commenting on the move, O'Brien says: "CRI is a world class Group Captive consultant and I am delighted to start working with the amazing and talented folks that make up the team here. My passion in insurance has always been the group captive model, so I can't wait to hit the ground running in contributing all my skills and effort into CRI's ongoing success and growth." He adds: "There is also no doubt that I am going to expand my expertise in new ways from all the seasoned and accomplished captive experts I will have the privilege to learn from."
