Towle will take over from the retiring Dennis Harwick on 24 April. He will take part in his first CICA board meeting on 9 June.
Towle has been a mainstay of captive insurance since 1999.
He has served as the director of financial services for Vermont, putting him at the centre of marketing and business development for the state’s growing captive insurance industry, which is largely held as one of the best in the world.
Within state government, Towle advises Vermont’s governor and secretary of commerce on new legislation and policy recommendations, so he’s highly practised at talking to legislators and pursuing an agenda that is beneficial to captive insurance.
He’s also active with the Vermont Captive Insurance Association and a current member of the Risk & Insurance Management Society.
CICA board chair Michael Bemi, president and CEO of the National Catholic Risk Retention Group, said: “Dan Towle brings the mix of industry knowledge, passion and new strategies that we felt were the best fit for CICA’s next chapter. He has built strong relationships across the captive industry, and has worked successfully with businesses and captive colleagues to help shape Vermont’s success.”
“I am both humbled and excited to be CICA’s next president,” Towle said. “CICA has a long history of strong leadership, advocacy and providing unbiased information, continuing that tradition and delivering value for our members is a top priority for me.”
Commenting on his career in Vermont, Towle said: “I am proud of our growth and all that we have achieved together. I am fortunate to have worked alongside some of the most talented individuals in all of captive insurance, including legends, Len Crouse and David Provost. I am thankful for the knowledge and insight they and fellow leaders in the broader captive insurance industry have passed down to help shape my own understanding and experience.”