Captive Resources Announces Leadership Changes and Key Hires

In a recent statement, the group captive consultant Captive Resources (CRI) outlined several key leadership changes and the addition of senior executives to its team over recent months.

With an increased focus on medical stop-loss group captives, CRI has created two separate business units: property-casualty (P&C) and health solutions.

In addition to these business units, CRI also has two subsidiaries: Kensington Management Group and Edgewater Actuarial Insights.

In December 2023, three key CRI senior leaders took on expanded responsibilities.

• JP Boulus as president, P&C
• Donna Dreuth as chief financial officer (CFO) and chief administrative officer (CAO)
• John Pontin as chief growth officer

The CRI Executive Committee is comprised of these three senior leaders, CEO Nicholas Hentges, and Co-CEO Mike Foley.

CRI has also added several additional senior executives as follows.

• Steven Gransbury joined CRI in April as president of health solutions and reports to the CEO and the co-CEO. Prior to joining CRI, Steve was head of specialty for QBE North America.
• Mark Knipfer joined CRI in January as chief strategy officer and reports to the CEO and the co-CEO. Prior to joining CRI, Mark was chief operations officer at Zurich North America.
• Terry McCafferty joined CRI in December 2023 as chief underwriting officer, P&C, and reports to JP Boulus, president, P&C. Prior to joining CRI, Terry was president and CEO of Falls Lake National Insurance Company at James River Holdings.

Mr. Hentges commented, "I am very excited about the recent changes and additions to our leadership team. These changes position Captive Resources for the continuing robust growth we're seeing in both our property-casualty and health solutions businesses.

"We spend a great deal of time thinking strategically about the future and ensuring we have a management team that will continue moving Captive Resources forward. The key to our success is providing outstanding service to our clients and their brokers. 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," Mr. Hentges added.

Following is additional context regarding executive leadership roles at CRI.

• CEO, CRI: Nick Hentges is responsible for the overall representation of CRI to its captive clients and shares responsibility for CRI's core business units (P&C group captives and health solutions), essential corporate functions (e.g., finance, legal, human resources, information technology), and the Captive Investors Fund, as well as CRI's wholly-owned subsidiaries (Kensington Management Group, Ltd., and Edgewater Actuarial Insights, LLC) and overall corporate strategy.
• Co-CEO and president, CRI: Mike Foley is responsible for the overall representation of CRI to its captive clients and shares responsibility for CRI's core business units (P&C group captives and health solutions), essential corporate functions (e.g., finance, legal, human resources, information technology), and the Captive Investors Fund, as well as CRI's wholly-owned subsidiaries (Kensington Management Group, Ltd., and Edgewater Actuarial Insights, LLC) and overall corporate strategy.

The following roles report to the CEO and the co-CEO of CRI.

• Group CFO and CAO: Donna Dreuth is the CRI CFO, responsible for all aspects of corporate finance, accounting, treasury, tax, and financial planning. As CAO, she also manages human resources, information technology, legal, captive finance, captive travel, administration and buildings, and the Captive Investors Fund.
• Chief growth officer, CRI: John Pontin is responsible for all aspects of growing group captive solutions for both P&C and health solutions. His responsibilities include all P&C and medical stop-loss captive executives and business development executives on any topics related to growth as well as marketing. John is also responsible for all broker relationships across both P&C and medical stop loss.
• Chief strategy officer, CRI: Mark Knipfer is responsible for working with the CEO and co-CEO to develop the overall corporate strategy as well as collaborating with the CFO/CAO and business unit presidents to measure, monitor, and execute the actions necessary to meet CRI's overall goals.
• President, P&C: JP Boulus is responsible for all aspects of growing and managing group captive solutions for P&C risks. His responsibilities include all P&C captive executives and business development executives, as well as P&C underwriting, P&C risk management services (risk control and claims management professionals and third-party service providers), P&C operations/program management, and Broker Re.
• President, health solutions: Steve Gransbury is responsible for all aspects of growing and managing group captive solutions for health risks. His responsibilities include all medical stop-loss (MSL) captive executives and MSL business development executives, MSL underwriting, MSL operations/program management, health solutions vendor services, and health risk management and wellness.
• President, Edgewater Actuarial Insights, LLC: Bob Effinger leads an independent actuarial and management consulting firm created to service the specialized actuarial needs of the captive insurance industry. Edgewater plays a crucial role in helping captives and their owners to measure, quantify, and manage risk.
• President, Kensington Management Group, Ltd.: Erin Brosnihan leads a full-service captive management firm with a diverse portfolio of single-parent and member-owned group captives.