Courtney Claflin has left his role at the University of California (UoC) after seven years as executive director of the university’s captive insurance programs.
Claflin’s last day was 13 April, and he will be announcing details of his next chapter later in the month.
Kevin Confetti, interim associate vice president and chief risk officer at the University, said that they did not yet have a replacement for Claflin.
“The role has not been filled and we will soon begin the process of completing an open recruitment to do so,” Confetti told Captive Review.
“In the interim, management of captive operations will be handled by our remaining UC Captive team with the continued support of Willis Towers Watson.”
Claflin said that he was grateful for his time as executive director and thankful of the opportunity.
“It has been a tremendous opportunity to grow the University’s captive insurance programs, and to help the university by using captives to both save money and generate new revenues that could support the University’s mission of research, teaching and public service,” Claflin said.
“I am grateful to my colleagues at UC, the UC Board who supported our active expansion of our captive operations and finally our many partners, both within the UC system and externally as well.”
During his time as executive director Claflin had a number of captives under his direction including Fiat Lux Risk and Insurance Company, a single parent captive and UC Health RRG, A Reciprocal Risk Retention Group, Eureka, PCC, Eureka One, IC and Sequoia, IC.
Claflin is well known in the captive industry for his knowledge and innovation, often speaking at captive insurance conferences—including many Captive Review events.
“I learned this industry by attending conferences and listening to the industry leaders, and then hitting the streets to architect captive programs,” he said. “Now, I feel an obligation to do the same and it’s great to be able to share everything I’ve done and learned with others who can benefit.”