Steven Woodard, CPCU, AU, ASLI, AINS, has been promoted to Director of Captive Operations - Specialty Insurance Division at PMA Companies. He was previously the Captive Operations Manager, serving in that role for two years and four months, and originally joined the company as Captives & Programs Leader. In his new position, Woodard drives profitable growth of the Specialty Insurance Division and is responsible for the successful implementation and oversight of new captive formations while coordinating the service of existing alternative market clients. Woodard's role involves overseeing all legal and contractual needs, such as the creation, refinement, and execution of various agreements including Captive Reinsurance Agmts, Shareholders Agmts, and Trust Agmts. He also functions as the primary liaison among several internal units including Underwriting, Actuarial, Claims, IT, Legal, Finance, Product Development, and the C-Suite. Woodard brings extensive prior experience in alternative markets. This includes serving as Director of Alternative Markets at Coaction Global (formerly ProSight Specialty Insurance Company) and eight years as Assistant Vice President - P&C Underwriting Executive at Lockton Affinity. Earlier in his career, he spent more than 15 years at Zurich Insurance in various underwriting and management positions. The promotion is effective from October 2025. Woodard shares: “I am so blessed to work for a company that values, supports and rewards its employees. PMA Companies has met every expectation I've had and I remain #PMAProud.”
