Tennessee
Tennessee Department of Commerce & Insurance Names Regulatory Board Executive Director as New Director of Business Development
NASHVILLE — The Tennessee Division of Commerce & Insurance coverage (“TDCI”) proudly proclaims that Michael Schulz has been promoted to the place of Director of Enterprise Growth for TDCI’s Insurance coverage Division.
Schulz has served as Govt Director for six regulatory packages inside TDCI’s Division of Regulatory Boards since becoming a member of the Division in 2020. He’ll succeed Joshua Clark, who’s returning to the non-public sector after becoming a member of TDCI in 2020.
As TDCI’s Director of Enterprise Growth for the Insurance coverage Division, Schulz will concentrate on increasing the usage of captive insurance coverage corporations as a threat administration resolution for companies with the intention to appeal to new captives to Tennessee.
Captive insurance coverage is an choice for corporations of all sizes which are searching for to self-insure sure elements of their enterprise. At the moment, Tennessee is ranked as the tenth largest captive domicile worldwide and is the 6th largest captive domicile in the USA with over 500 energetic risk-bearing entities and an annual gross written premium exceeding $2.1 billion.
“Throughout Joshua’s tenure, Tennessee’s presence within the captive insurance coverage market grew at an distinctive tempo, and we want him the most effective in his new position again within the non-public sector,” mentioned Captive Insurance coverage Part Director Jonathan Habart. “This stage of transition would possibly usually require a time-consuming nationwide search with the intention to discover somebody with the abilities wanted to fill that position. Nonetheless, TDCI is blessed to have a deep bench of educated, proficient workers members like Michael who can ably step into new roles when the chance presents itself. I’m assured that Michael will deliver much more consideration to the Volunteer State in his new place as Director of Enterprise Growth.”
Earlier than becoming a member of TDCI, Schulz had a diversified profession within the non-public and public sectors. Previous to becoming a member of TDCI, Schulz labored within the insurance coverage and monetary companies industries, concurrently holding a Tennessee insurance coverage producer’s license in addition to FINRA (“Monetary Business Regulatory Authority”) Collection 6 and 63 licenses. Schulz labored as the advertising director for LocalShares, LLC, a brokerage agency that suggested the Nashville Space ETF. Whereas at LocalShares, Schulz managed the brokerage’s outreach, together with supervising its advertising and promoting efforts, and served because the agency’s liaison to the U.S. Securities and Trade Fee, amongst different duties.
Schulz spent greater than a decade working with former Tennessee Senator Lamar Alexander first in Alexander’s Washington, D.C. workplace as assistant press secretary and legislative correspondent after which later transferring again to Tennessee to imagine operations of Alexander’s Nashville district workplace as discipline consultant.
As a part of his new position, Schulz will work carefully with the Tennessee Captive Insurance coverage Affiliation to assist that group in its position of selling captive insurance coverage throughout the state.
“I’m extraordinarily assured in Michael’s means to proceed with the latest successes that Tennessee’s captive insurance coverage sector has seen,” mentioned Tennessee Captive Insurance coverage Affiliation President Kevin Doherty. “I look ahead to working with him and persevering with to develop Tennessee’s status as one of many premier captive domiciles on the earth.”
Stated Schulz: “I’m humbled by this chance to serve Tennesseans and proceed to contribute to our state’s prosperity on this new position, and there’s no query that I’ve huge footwear to fill with Joshua’s departure. My background, data, and experiences have put me in an amazing place to fulfill the challenges forward and convey constructive consideration throughout the USA and past to captive insurance coverage in Tennessee.”
A high-resolution portrait of Schulz will be downloaded right here.
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