The Tennessee Department of Commerce and Insurance (TDCI) has appointed Jonathan Habart as the new Captive Insurance Section Assistant Director.

Habart has been promoted from working as a captive insurance specialist at TDCI, where he has worked for six years.

His previous role saw Habart monitoring, examining and analysing captive insurance companies, looking at their financial status and regulatory compliance.

He is also a licenced CPA and has also studied at the International Centre for Captive Insurance Education (ICCIE), gaining an Associate in Captive Insurance (ACI).

TDCI Assistant Commissioner of Insurance Rachel Jrade-Rice congratulated Habart on the appointment.

“Jonathan’s knowledge and experience with captive insurance companies make him a natural fit for this promotion to the role of Assistant Director of the Captive Insurance Section,” she said.

“I am confident that Jonathan will be a key contributor to our Captive Insurance team in his new leadership role as we continue Tennessee’s upward trajectory to the top domicile choice for captive insurance companies.”

Belinda Fortman, Captive Insurance Section Director, said that Habart had “exemplary” leadership skills.

“Jonathan’s experience in the insurance division, his exemplary leadership skills and team approach will be invaluable to us in his new role and will contribute significantly to our goal of taking the captive division to the next level,” Fortman said.

Habart himself said that he wanted to make Tennessee the “premier” domiciles for captives. He a Tennessee local, has worked for the State of Tennessee since 2014, and is a graduate of Middle Tennessee State University.

“I am thankful and thrilled by the opportunity to help Tennessee become the premier domicile in the U.S. for captive insurance companies,” Habart said. “Commissioner Mainda and Director Fortman’s confidence in me is empowering. I will work tirelessly in this role to help spur Tennessee to greater growth while ensuring a best-in-class regulatory environment.”