Trusted Captive Insurance Manager
Chris Gallo
Managing Director
Chris commenced his 35-year regulatory career as a Trainee in the State of Connecticut’s Financial Regulation Division. He steadily progressed through the experience and training requirements, culminating in obtaining his Certified Financial Examiner designation, and reaching the Insurance Accredited Financial Examiner position. Financial Regulation highlights include:
- A Swiss Financial Markets Supervisory Authority (FINMA) Rotation in Bern Switzerland,
- FINMA Rotation Presentation to the April 2013 NAIC’s Commissioners’ Roundtable Forum,
- Led supervisory college panel & discussion with Dutch National Bank (DNB) regulators
Being highly curious of the alternative risk markets, in 2013, Chris transferred to the newly formed Captive Division, where he reported directly to the Division Director. Captive Division highlights include:
- Devised and presented True Risk Based Captive Legislation to the Governor’s Office, and industry,
- Constructed Captive Division’s True Risk Based Examination process,
- Examiner in Charge for the Captive Division’s Report of Examinations,
- Responsible for Captive Division’s NAIC Self Evaluation Guide, Interim Annual & Accreditation Reviews
The one major lesson Chris learned from his career in insurance regulation was the critical importance of sustainable liquidity, and cash flow, in any enterprise. It is this understanding that has led Chris to pursue this second career to educate business owners on how a properly managed captive insurance company will allow such enterprise to not only survive, but to thrive, in any economic environment.
Chris received his Bachelor of Science Degree in Administrative Science from Central Connecticut State University in 1982, and his Certified Financial Examiner designation in 2012.
Chris resides in Knoxville, TN with the love of his life, his wife Serina, who together have been blessed with five children, and, to date, eight grandchildren.
Recent Industry News
Kadau v. Commissioner — Captive Insurance that Wasn’t
The recent memorandum decision in Kadau v. Commissioner (T.C. Memo. 2025-81) provides a clear example of how the Tax Court currently analyzes micro-captive arrangements. Importantly, the opinion does not create new law; rather, it applies the well-established captive-insurance framework developed in Avrahami, Reserve Mechanical, Caylor, and Syzygy. We have previously distinguished how our clients do […]
United in Hope: CIC Services Leads Community Fight Against Blood Cancer
On November 6, CIC Services had the privilege of joining the East Tennessee community at Covenant Health Park in Knoxville for the annual Light The Night event. The evening was a powerful reminder of what can be achieved when people unite around a shared purpose. Surrounded by lanterns glowing in honor of survivors, in remembrance […]
CIC Services Appoints Jackson Arms as Vice President of Risk Management Consulting
CIC Services, LLC, a leading risk management consulting firm specializing in the formation and management of captive insurance companies, has named Jackson Arms vice president of risk management consulting. His appointment strengthens the firm’s advisory capabilities at a time when businesses across industries are increasingly looking to captives to gain more control over risk financing […]
CIC Services Accepted Into Forbes Finance Council
CIC Services has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms. Randy Sadler, principal and CMO for CIC Services, was selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record […]