New president for Captive Insurance Companies Association

Dan Towle has been appointed the new president of the Captive Insurance Companies Association (CICA). He is currently director of financial services with the Vermont Agency of Commerce & Community Development. He will officially join CICA on 24 April, and will succeed Dennis Harwick, who plans to retire at the end of June. Mr Harwick became CICA’s first full-time president in 2005. Mr Towle will become the second president in CICA’s 45-year history.

He brings 17 years of experience in the captive industry. In his work at the State of Vermont, he served as the chief marketing and business development professional for the state’s captive insurance industry. Prior to his work at the state, Towle was a business development officer at Vermont National Bank, overseeing the promotion of all non-loan commercial products.

“Dan brings the mix of industry knowledge, passion and new strategies that we felt were the best fit for CICA’s next chapter. He has built strong relationships across the captive industry and has worked successfully with businesses and captive colleagues to help shape Vermont’s success,” said CICA board chair, Michael Bemi, president and CEO of The National Catholic Risk Retention Group. “Dan impressed us with his energy and his thoughtful plans. He has a lot of ideas that the executive committee is looking forward to discussing with the full board of directors once Dan is onboard.”