The Hawaii Captive Insurance Council (HCIC) has appointed Paul Shimomoto as president for 2022. The council is responsible for the promotion, development and maintenance of the captive insurance industry in Hawaii. HCIC collaborates with the State of Hawaii Insurance Division to produce information and educational material on the current issues impacting captives, and the benefits of Hawaii as a captive domicile. Shimomoto previously served as director of the HCIC, as well as chair of the marketing committee. He is also the council’s government and industry liaison. In these previous roles, Shimomoto has been a regular speaker at HCIC’s annual educational forum and other roadshow events, particularly educational seminars in Japan. Shimomoto is also a partner at Goodsill Anderson Quinn & Stifel, a Hawaii-based law firm, where he practices corporate and insurance regulatory law with an emphasis in captive insurance. Commenting on his appointment, Shimomoto says: “I am honored to serve in this role for HCIC. I am very appreciative that our membership and board believe in my ability to serve in this capacity for the organisation. I look forward to furthering the organisation’s efforts to improve the domicile and enhance the benefits we offer our members.” He succeeds Matthew Takamine, who adds: “I cannot think of a better person than Paul to take the reins as president. His deep commitment to Hawaii, his relationships throughout the captive industry as a whole, and his expertise in the inner workings of Hawaii’s captive industry make him the ideal person to bring together captive owners, service providers, and regulators to ensure Hawaii moves forward as one of the world’s leading captive domiciles.”
