People: Clements to Tenn. Captive Section, Allen to Franklin Street

Tennessee Hires New Captive Assistant Director

The Tennessee Department of Commerce and Industry announced it has named Daniel Clements as assistant director of the Captive Insurance Section.

Clements is a licensed, certified public accountant and has done risk examinations in the public and private sector, TDCI said in a news release. He recently served as director for regulatory, audit, and internal controls for AIG/FortitudeRE, where he led regulatory efforts for a third-party administrator that oversaw 4.5 million insurance policies. He also worked as financial audit lead analyst for Cigna Health.

Tennessee is ranked as the sixth-largest captive domicile in the United States, with 149 captive insurance companies and 352 protected cells, with an annual gross written premium exceeding $1.7 billion, the agency said.

Franklin Street Names Allen President of Insurance Services

Franklin Street, a commercial real estate and insurance services firm, named Robert Allen president of its insurance division, based in Tampa.

Allen will oversee a national team that provides commercial insurance offerings, including program design, market placement, portfolio administration, lender compliance, risk management and claims advocacy, the firm said.

Allen began his career as an insurance broker in South Florida in 1988, with a company that would eventually become Marsh, one of the world’s largest insurance brokerage and risk management firms. He also spent 25 years with Willis, including years as managing partner of its Tampa office. In 2015, he was named president of Willis Towers Watson’s Atlanta division.

In 2019, Mr. Allen joined USI, where he was a practice leader in the company’s property and casualty division.

Topics Tennessee