The Tennessee Department of Commerce & Insurance (TDCI) has hired Joshua Clark joins TDCI as the new director of Business Development for the Insurance Division.
As the director of Business Development for the Insurance Division, Clark will focus on expanding the use of captives as a risk management options for businesses.
Clark most recently served as a consultant for EXL Loss Control.
As part of his new role, Clark will establish objectives with the Tennessee Captive Insurance Association (TCIA) to help them promote captive insurance within the state.
A captive insurance company is an option for many corporations and groups who want greater control over their financial risks by underwriting their own insurance instead of paying premiums to third-party insurers. Tennessee currently has over 203 licensed captive insurance companies and 471 approved cell companies for a total of 674 riskbearing entities (RBEs), compared to 652 at the end of 2019.
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