Connecticut Insurance Commissioner Katharine L. Wade has announced that Janet Grace, a veteran risk specialist with more than 20 years of experience, has been hired as program manager to oversee the Connecticut Insurance Department’s Captive Insurance Unit.
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.
Grace 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.
Wade said Grace is a proven leader and widely respected for her expertise.
“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,” Wade said.
Grace said 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.”
“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,” Grace said.