Connecticut Insurance Department Commissioner Andrew N. Mais has named Fenhua Liu as the new director of the department’s Captive Insurance Division.
Liu has more than 25 years of global experience in insurance and risk management that will serve the department as it continues to see captive insurance growth, Mais said in a press release announcing the appointment.
The Captive Insurance Division licenses, regulates and examines captive insurers and risk retention groups in the alternative risk market for the state of Connecticut.
The alternative risk insurance market refers to several risk funding techniques, such as self-insurance, paid loss plans, insurance purchasing groups and risk retention groups that are outside of the scope of that provided by most traditional property and casualty or life and health insurers, according to the release.
Source: The Connecticut Insurance Department
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