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Missouri captive official leaves post

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After two years as captive program manager at the Missouri Department of Insurance, Maria Sheffield has left her position and is relocating to Nashville, Tennessee, to work for Caterpillar Financial Services Corp.

During her tenure, 22 captive licenses were issued, bringing Missouri's total to 51. Currently, 49 active captives are operating in Missouri, said John M. Huff, director of Missouri Department of Insurance in an email.

Missouri Department of Insurance has began the recruitment process for a permanent successor to fill Ms. Sheffield’s captive insurer program manager position. Meanwhile, John Rehagen, director of the Insurance Company Regulation Division will remain actively involved in the captive program.

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