Knoxville-based captive manager and consulting firm CIC Services has hired Chris Gallo as managing director.
Gallo has spent the last 35 years working on the regulation side of captive insurance, most recently as an insurance accredited financial examiner for the state of Connecticut.
In a statement, CIC Services said that Gallo was an “ideal fit” for the captive manager.
“As our company has grown and expanded, we’re thrilled to fuel the momentum with experienced professionals like Chris Gallo,” CIC Services Founding Principal and In-House Counsel Sean King said.
“Chris brings an extensive background in finance, risk management and insurance to the table that will serve our clients well.”
“One major lesson I’ve learned from my career in insurance regulation is the critical importance of sustainable liquidity and cash flow, in any enterprise,” Gallo said.
“This led me to pursue my second career in educating business owners on how a properly managed captive insurance company will allow such an enterprise to thrive in any economic environment.”