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22 May 2024
US
Reporter Diana Bui

Captive Resources announces key executive changes

Captive Resources (CRI) has expanded the roles and responsibilities of several of its leadership team, as well as adding a number of new senior leaders to the company. Three CRI senior leaders have taken on expanded responsibilities following the creation of two separate business units, Property & Casualty (P&C) and Health Solutions. JP Boulus has been appointed as president of P&C, Donna Dreuth as chief financial officer and chief administrative officer, and John Pontin as chief growth officer. The CRI executive committee is now composed of these three senior leaders and the two co-CEOs, Nicholas Hentges and Mike Foley. The company has also hired Steven Gransbury as president of Health Solutions, Mark Knipfer as chief strategy officer, and Terry McCafferty as chief underwriting officer at P&C. Gransbury joined CRI in April from QBE North America, where he worked as head of specialty, while Knipfer and McCafferty joined in January 2024 and December 2023 respectively. Prior to that, Knipfer was chief operations officer at Zurich North America, and McCafferty served as president and chief executive of Falls Lake National Insurance Company at James River Holdings. In addition to the creation of the two new business units, CRI has two new subsidiaries: Kensington Management Group and Edgewater Actuarial Insights. Hentges comments: “I am very excited about the recent changes and additions to our leadership team. These changes position Captive Resources for the continued robust growth we’re seeing in both our P&C and Health Solutions businesses. “Building our management team and remaining focused on hiring the very best talent is critical to giving our clients the exceptional captive experience that has become a hallmark of our company."

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