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The Captive Insurance Companies Association said Thursday that it has named Dan Towle as its new president, effective April 24.
Mr. Towle currently serves as director of financial services for the Vermont Agency of Commerce and Community Development, the association said in a statement. He succeeds Dennis Harwick, who plans to retire June 30, CICA said in the statement.
Mr. Towle, who has been active with Vermont’s captive insurance sector since 1999, is based in Montpelier, Vermont.
Vermont licensed 26 new captive insurers in 2016, led by growth in the health care sector, according to data released by the state’s Department of Financial Regulation.