Washington, D.C. Mayor Anthony Williams has appointed Thomas Hampton as the Acting Commissioner of D.C.’s Department of Insurance, Securities and Banking, succeeding Commissioner Lawrence Mirel, who left recently for private practice after serving in that position for six years.
A veteran of DISB since 1988, Hampton most recently held the position of Deputy Commissioner and was responsible for organization-wide policy development and program execution, as well as technical oversight of the insurance, securities, banking and fraud investigation activities. In 2004, Hampton was responsible for the merger between the former Department of Insurance and Securities Regulation and the Department of Banking and Financial Institutions, creating DISB, one of the few agencies in the country that regulate the financial services industries in one department.
Prior to joining DISB, Hampton worked in the insurance industry, especially in property and casualty insurance. He managed the accounting and financial activities of captive insurance companies in Bermuda and Cayman Islands for Cigna Worldwide in New York, and was a supervisor in General Accounting with the American International Group (AIG).
Also at DISB, Dana Sheppard, who was the Acting Director of the Risk Finance Bureau at DC’s Department of Insurance, Securities and Banking (DISB), has been named the Associate Commissioner of the Bureau.
That announcement was made by the outgoing DISB Commissioner Lawrence Mirel at the 4th Annual Conference of the Captive Insurance Council of the District of Columbia (CIC-DC) on September 28, 2005.
Sheppard joined the department in 1997 as the senior attorney and subsequently served as the Department’s Securities Attorney, Director of Policy and Public Affairs, and Assistant Director of the Risk Finance Bureau’s Compliance Division. He has worked to make D.C an attractive domicile for captive insurance companies. He drafted both the District’s original captive insurance law and regulations, and the revised versions.
The Risk Finance Bureau is responsible for the regulation of captive insurance companies and risk retention groups. The Bureau also regulates certified capital companies (CAPCOs) licensed in the District of Columbia.
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