Jay Branum, former director of captives at the South Carolina Department of Insurance, has spent virtually all his professional life in the commercial insurance world. His career affords him particular advantages as a former captive insurance regulator.
His involvement with captive insurance company issues goes back to the 1980s when he began work in Bermuda with Skandia International Risk Management Ltd. At the time, Skandia was one of the world's largest captive insurance management firms, and Mr. Branum moved up the ranks to become Skandia's executive vice president.
In addition, Mr. Branum served as president of a joint venture reinsurance company formed by American Reinsurance Co.—now Munich Re America—and an internationally diverse group of nine other insurers and reinsurers.
Mr. Branum joined the South Carolina Department of Insurance in late 2013 and prior to his 2021 departure has overseen the state's tremendous growth as a captive insurance domicile.
