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Captive Resources Announces Leadership Changes and Key Senior Executive Hires

May 23rd, 2024

Itasca, IL, [May 22, 2024] — Captive Resources, LLC, a leading consultant to group captive insurance companies headquartered in Itasca, IL, has announced changes to its Executive Committee and key executive hires.

Captive Resources has positioned its senior leadership for continued success by expanding the roles and responsibilities of several key leaders and adding additional senior leadership to the company.

With its increased focus on Medical Stop Loss group captives, Captive Resources has created two separate Business Units: Property & Casualty (P&C) and Health Solutions. In addition to these Business Units, Captive Resources also has two subsidiaries: Kensington Management Group, LLC and Edgewater Actuarial Insights, LLC.

In December 2023, three key CRI senior leaders with proven track records of success within the organization were asked to take on expanded responsibilities:

  • JP Boulus as President, P&C
  • Donna Dreuth as Chief Financial Officer (CFO) and Chief Administrative Officer (CAO)
  • John Pontin as Chief Growth Officer 

The Captive Resources Executive Committee is comprised of these three senior leaders, Chief Executive Officer (CEO) Nicholas Hentges, and Co-CEO Mike Foley.

CRI has also recently hired several additional senior executives:

  • Steven Gransbury as President, Health Solutions
  • Mark Knipfer as Chief Strategy Officer
  • Terry McCafferty as Chief Underwriting Officer, P&C

Key roles within the CRI Senior Leadership Team are described below:

CEO: Nick Hentges is responsible for the overall representation of Captive Resources to its captive clients and shares responsibility for Captive Resources' core Business Units (P&C Group Captives and Health Solutions), essential corporate functions (e.g., Finance, Legal, Human Resources, Information Technology), the Captive Investors Fund, as well as Captive Resources’ wholly owned subsidiaries (Kensington Management Group, Ltd. and Edgewater Actuarial Insights, LLC), and overall corporate strategy.

Co-CEO and President: Mike Foley is responsible for the overall representation of Captive Resources to its captive clients and shares responsibility for Captive Resources’ core Business Units (P&C Group Captives and Health Solutions), essential corporate functions (e.g., Finance, Legal, Human Resources, Information Technology), the Captive Investors Fund, as well as Captive Resources’s wholly owned subsidiaries (Kensington Management Group, Ltd. and Edgewater Actuarial Insights, LLC), and overall corporate strategy.

The following roles report to the Co-CEOs of Captive Resources:

Group CFO and CAO: Donna Dreuth is the Captive Resources CFO, responsible for all aspects of Corporate Finance, Accounting, Treasury, Tax, and Financial Planning. As CAO, she is also responsible for managing Human Resources, Information Technology, Legal, Captive Finance, Captive Travel, Administration and Buildings, as well as the Captive Investors Fund.

Chief Growth Officer: John Pontin is responsible for all aspects of growing group captive solutions for both P&C and Health Solutions. His responsibilities include all P&C and Medical Stop Loss Captive Executives and Business Development Executives on any topics related to growth, and Marketing. John is also responsible for all broker relationships across both P&C and Medical Stop Loss.

Chief Strategy Officer: Mark Knipfer is responsible for working with the Co-CEOs to develop the overall corporate strategy, as well as collaborating with the CFO/CAO and Business Unit Presidents to measure, monitor, and execute the actions necessary to meet Captive Resources’ overall goals.

President — P&C: JP Boulus is responsible for all aspects of growing and managing group captive solutions for P&C risks. His responsibilities include all P&C Captive Executives and Business Development Executives, as well as P&C Underwriting, P&C Risk Management Services (risk control and claims management professionals and third-party service providers), P&C Operations / Program Management, and Broker Re.

President — Health Solutions: Steve Gransbury is responsible for all aspects of growing and managing group captive solutions for Health risks. His responsibilities include all Medical Stop Loss (MSL) Captive Executives and MSL Business Development Executives, MSL Underwriting, MSL Operations / Program Management, Health Solutions Vendor Services, and Health Risk Management & Wellness.

President — Edgewater Actuarial Insights, LLC: Bob Effinger leads an independent actuarial and management consulting firm created to service the specialized actuarial needs of the captive insurance industry. Edgewater plays a crucial role in helping captives and their owners to measure, quantify, and manage risk. 

President — Kensington Management Group, Ltd: Erin Brosnihan leads a full-service captive management firm with a diverse portfolio of single parent and member-owned group captives.

As part of building this enhanced organization, Captive Resources recently hired three senior executives. Their roles and backgrounds are briefly described below:

  • Steven Gransbury joined CRI in April as President, Health Solutions and reports to the Co-CEOs. Prior to joining CRI, Steve was Head of Specialty for QBE North America.  
  • Mark Knipfer joined CRI in January as Chief Strategy Officer and reports to the Co-CEOs. Prior to joining CRI, Mark was Chief Operations Officer at Zurich North America.
  • Terry McCafferty joined CRI in December 2023 as CUO, P&C and reports to JP Boulus, President, P&C. Prior to joining Captive Resources, Terry was President and CEO of Falls Lake National Insurance Company at James River Holdings.

CEO Nick Hentges commented, “I am very excited about the recent changes and additions to our leadership team. These changes position Captive Resources for the continuing robust growth we’re seeing in both our Property & Casualty and Health Solutions businesses.

“We spend a great deal of time thinking strategically about the future and ensuring we have a management team that will continue moving Captive Resources forward. The key to our success is providing outstanding service to our clients and their brokers. Building our management team and remaining focused on hiring the very best talent is critical to giving our clients the exceptional captive experience that has become a hallmark of our company." 

About Captive Resources

Captive Resources, LLC is an independent consulting company specializing in creating and overseeing the operations of member-owned group captive insurance companies. Currently, it provides consulting services to forty-six group captive insurance companies with approximately 7,000 member-companies, and that combined, total more than $4.5 billion in annual insurance premium.

Media Contact

Contact: Sandra Springer
Phone: 847.879.2845
sspringer@captiveresources.com

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