Kinion to remain Delaware captive bureau director

Steve Kinion will continue to lead Delaware’s Bureau of Captive Insurance & Financial Products for another year, reversing a decision earlier this year to allow his contract to lapse in favor of hiring a state resident to assume the position.

The Delaware Department of Insurance launched a search for a new director in February to replace Mr. Kinion, who held the position for eight years. But Delaware Insurance Commissioner Trinidad Navarro announced at the Delaware Captive Insurance Association's spring forum this week in Wilmington, Delaware, that Mr. Kinion will continue as director for another year, according to a release by the association.

“Mr. Kinion is a recognized leader and effective advocate for both Delaware as a domicile and the captive insurance industry in general,” the association said in a statement issued on Tuesday. “DCIA is pleased he will be staying with the bureau, continuing to provide stability and ensuring Delaware's continued success as a leading domicile.”