North Carolina Captive Insurance Association Prepares for Growth in 2025

The North Carolina Captive Insurance Association (NCCIA) reports strong activity in 2024, with the state seeing continued growth in captive licensing and cell formations. While the final numbers will be released in early 2025, the North Carolina Department of Insurance has indicated that the year will be another successful one for the captive domicile.

Ron Adams Retires but Stays in the Captive Industry

Ron Adams, chair of the NCCIA board of directors, has announced his retirement as vice president for risk management at Baker Roofing, effective January 1, 2025. Mr. Adams will transition to a consulting role with NFP Insurance Brokers, where he will continue to work with Baker Roofing and other clients.

Mr. Adams, who has been a key figure in NCCIA's leadership, stated, "I will remain active with the [c]aptive [i]ndustry and continue to support its growth and, more importantly, the [NCCIA]." His term as NCCIA board chair will conclude at the association's Annual Conference in May 2025.

Strategic Planning To Shape NCCIA's Future

In mid-January, the NCCIA board of directors will meet in Durham for a 2-day strategic planning session. The initiative will replace the association's current strategic plan, created in 2015, which guided the domicile's rise to becoming the third-largest in the United States.

NCCIA President and CEO Tom Adams emphasized the value of strategic planning, stating, "Our domicile's growth is a testament to the benefits of careful planning. While the process isn't easy, the results speak for themselves."

Save the Date: NCCIA Annual Conference Returns in May

The NCCIA Annual Conference is scheduled for May 14–17, 2025, in Uptown Charlotte. Known as one of the year's key captive industry events, the conference will offer educational sessions, networking opportunities, and insights from industry leaders.

Sponsorship opportunities are almost fully booked, and conference registration will open on January 28, 2025. Hotel reservations at the Sheraton and Meridian Hotels are already available through NCCIA's website.

For the latest updates, visit the NCCIA website.