Donna Dreuth — Chief Financial Officer (CFO) and Chief Administrative Officer (CAO) of Captive Resources, LLC — has been appointed to the Board of Directors of the Captive Investors Fund (“CIF” or the “Fund”). The CIF is a Cayman Islands-domiciled mutual fund established in 1994 as the exclusive investment vehicle for Captive Resources’ group captive clients.
The CIF Board of Directors is comprised of shareholder representatives from Captive Resources’ group captive clients, as well as Captive Resources. This unique structure allows the captives investing in the Fund to have direct insight and oversight over the Fund’s management.
The CIF provides a platform where captives invest collateral and loss funds, enabling available cash to be invested for member-companies until the money is needed for claims or member distributions. Investment income on invested capital and unused loss funds are included in member distributions when a captive begins closing out an underwriting year.
With her appointment, Dreuth joins Scott Renninger — Chairman of the CIF Board and Chief Investment Officer of Captive Resources — as the two Captive Resources representatives on the Board.
“The CIF Board is excited to welcome Donna as a new Director to the $8.3 billion fund. Donna has been participating in CIF Board meetings in her role as Captive Resources CFO since 2018, and we’re looking forward to her taking on an increased role,” said Renninger. “With her experience and intellect, we know Donna is ready to make an immediate positive contribution to the Fund’s governance.”
Dreuth fills an opening created after George Rusu, Executive Chairman and Founder of Captive Resources, stepped down from the CIF Board, effective May 1, 2024. Rusu is the CIF's Founding Director and has provided expertise and guidance to the Board for the past 30 years.
“I am delighted to have Donna succeed me on the Board of the CIF. Her extensive experience and exceptional capabilities make her an outstanding choice for this role,” said Rusu. “I can’t think of a better steward to help guide the Fund as it matures and evolves. Donna’s proven track record and deep understanding of our mission and objectives make her uniquely qualified to contribute to the Fund’s continued success. I look forward to seeing the positive impact of her leadership on the future of the CIF."
Rusu’s retirement from the CIF Board leaves behind a large pair of shoes to fill — a challenge that Dreuth is excited to take on.
"I am proud to join the CIF Board, especially during such an exciting time for Captive Resources and the industry at large. We’re seeing unprecedented popularity and growth in the group captive industry and among our group captive clients,” said Dreuth. “Having been involved in the Fund for several years, I know the CIF is well-positioned to parallel and help fuel that growth while delivering substantial value to the captives’ member-owners.”
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 46 group captive insurance companies with approximately 7,000 member-companies, and that combined, total more than $4.5 billion in annual insurance premium.
Contact: Sandra Springer
Phone: 847.879.2845
sspringer@captiveresources.com
