Trusted Captive Insurance Manager
Tim Welles
Business Development
Tim’s 26-year financial services career began in 1989 as the Director of Risk Management for Pi Kappa Phi Fraternity where he oversaw the risk management and insurance programs for the fraternity’s four entities and 130 undergraduate chapters.
Early in his career as a financial services consultant Tim earned his CFP (Certified Financial Planner) designation and held the series 7 and 63 licenses. Tim has practiced as a financial consultant in the areas of employee benefits, investments, life insurance and qualified, and non-qualified retirement plans. In 2000, Tim co-founded, and was a principal, at Benefits Management Group, Inc. Much of Tim’s work during the course of his 25-year career has been with owners of privately-held companies.
Tim served as the Chapter Advisor of the Alpha Sigma Chapter (University of Tennessee) of Pi Kappa Phi for many years and is currently a member of the chapter’s housing corporation board. Tim has been a member of Cedar Springs Presbyterian Church in Knoxville, TN for approximately 20 years.
A native of Buffalo, New York, Tim received his BBA in Finance from the University of Oklahoma.
Tim, his wife of 24 years, and their children reside in Farragut, Tennessee.
Recent Industry News
Repeal Of Chevron Doctrine Bodes Well For Captive Insurance
The Supreme Court of the United States (SCOTUS) recently issued a very important ruling overturning the Chevron Doctrine. This ruling reins in the out-of-control administrative state and restores Constitutional balance between the Executive and Judicial branches of government. To understand why this is so, a little background is necessary: With limited exception, our Constitution gives […]
CIC Services, LLC Named 2024 Captive Manager of the Year for Unmatched
The designation marks the third time and second consecutive year CIC Services has been chosen. CIC Services, LLC is proud to announce that it has been named Captive Manager of the Year (<$1bn GWP) for 2024 by Captive Review. This prestigious recognition marks the third time CIC Services has received this honor and the second […]
Shoshanna Simmons of CIC Services Named to Captive International’s 40 Under 40 List
CIC Services, LLC is proud to announce that Shoshanna Simmons, director of risk and underwriting, has been selected as one of Captive International’s 40 Under 40. This prestigious recognition celebrates the brightest young talents in the captive insurance industry, highlighting individuals poised to become the next generation of global leaders in the sector. Shoshanna’s selection […]
CIC Services’ Sean King, JD, CPA Named In Power 50 By Captive Review
Sean King, the Founding Principal of CIC Services, has recently been recognized as #41 in the Captive Review’s “Power 50 2024” list, a compilation of the most influential professionals in the captive insurance industry. This recognition is particularly noteworthy given the typical focus of this list on leaders of businesses serving large captives or those […]