The Delaware Department of Insurance is on the hunt for a new director of its bureau of captive insurance and financial products.
The new director will replace current incumbent Steve Kinion, who has been in the role for the last eight years.
Delaware insurance commissioner Trinidad Navarro said he “appreciates the leadership Kinion has provided”, but he has decided to use the administration transition period as an opportunity to restructure the position for a permanent resident state employee. It is understood that Kinion is in the running to take on the role permanently.
Since Kinion started his role as director, Delaware’s captive total has increased from 100 captive insurance entities to just over 1,000.
Navarro said: “The new director will be responsible for working to build on these achievements as I remain committed to growing and strengthening Delaware’s bureau and the state as a leader in captive insurance.”
“I am looking forward to the bureau’s new direction. I will also work with legislators and the Delaware Captive Insurance Association to select the most qualified person for the job.”