CIC Services, a Knoxville-based risk management consulting firm and a leader in the captive insurance industry is pleased to announce that Christopher Gallo, CFE, has joined CIC Services as managing director.
Gallo’s experience with risk-based captive legislation, the examination process and annual accreditation reviews make him an ideal fit for CIC Services, helping meet the demands of alternative risk transfer (ART) programs and securing regulatory approval of ART structures.
“One major lesson I’ve learned from my career in insurance regulation is the critical importance of sustainable liquidity and cash flow, in any enterprise,” remarked Gallo. “This led me to pursue my second career in educating business owners on how a properly managed captive insurance company will allow such an enterprise to thrive in any economic environment.”
Before joining CIC Services, Gallo commenced his 35-year regulatory career in the state of Connecticut’s Financial Regulation Division. His financial regulation highlights include a rotation in the Swiss Financial Markets Supervisory Authority (FINMA) and a supervisory college panel role with the Dutch National Bank (DNB). His captive division highlights include True Risk Based Captive Legislation to the Connecticut Governor’s Office, Examiner in Charge for the Captive Division’s Report of Examinations, and the Captive Division NAIC Self Evaluation Guide for Interim Annual and Accreditation Reviews.
“As our company has grown and expanded, we’re thrilled to fuel the momentum with experienced professionals like Chris Gallo,” said CIC Services Founding Principal and In-House Counsel Sean King. “Chris brings an extensive background in finance, risk management and insurance to the table that will serve our clients well.”
Gallo received his Bachelor of Science Degree in Administrative Science from Central Connecticut State University in 1982 and his Certified Financial Examiner designation in 2012.