CID: New Releases (01/27/2016) - Connecticut Captive Insurance Regulatory Unit

{Connecticut Insurance Department}
STATE OF CONNECTICUT
Insurance Department
 
Katharine L. Wade
Commissioner
 
 
FOR IMMEDIATE RELEASE
 CONTACT: 
Donna Tommelleo
 
860-297-3958
January 27th, 2016


Janet Grace, Veteran Risk Specialist Heads Up
Connecticut Captive Insurance Regulatory Unit

{Janet Grace}  

Insurance Commissioner Katharine L. Wade has announced that Janet Grace, a veteran risk specialist with more than 20 years of experience, is overseeing the Department’s Captive Insurance Unit.

“Janet is a proven leader and widely respected for her expertise,” Commissioner Wade said. “As the interest in Connecticut captives continues to grow, Janet’s knowledge of the industry and her creative and consultative approach are the perfect combination for companies seeking to domicile their captives in the state.

A former consultant for Towers Watson, Grace has done extensive work in risk identification and coverage analysis, business process redesign, risk financing, strategic business planning, underwriting and reinsurance. She also spent 20 years with The Hartford where she was a senior account executive and underwrote business in a number of core units, including risk management.

“Captives provide outstanding opportunities for firms of all disciplines and sizes looking to manage their costs and the Connecticut captive unit is there to help them every step of the way,” Grace said. “Our consultative approach helps firms explore what works best for their strategic risk management and as a result we are attracting businesses both inside and outside Connecticut.”
 
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About the Connecticut Insurance Department: The mission of the Connecticut Insurance Department is to protect consumers through regulation of the industry, outreach, education and advocacy. The Department recovers an average of $4 million yearly on behalf of consumers and regulates the industry by ensuring carriers adhere to state insurance laws and regulations and are financially solvent to pay claims. The Department’s annual budget is funded through assessments from the insurance industry. Each year, the Department returns an average of $100 million a year to the state General Fund in license fees, premium taxes, fines and other revenue sources to support various state programs, including childhood immunization.
 
 
 
For help with all your insurance issues:
  • Ask a question or file a complaint online
  • Call the Consumer Helpline at 800-203-3447 or 860-297-3900.
  • Sign up for e-alerts to get the latest news, warnings and rate changes that may affect your premium
  • Download consumer FAQs on health, homeowner and auto coverage
  • Use the Department’s Speakers Bureau for public events.
  • Visit our Web site and follow the Department on Facebook, Twitter or YouTube
 


Content Last Modified on 1/27/2016 10:40:19 AM