The Nevada Captive Insurance Council (NCIC) has elected a new executive board as it marks the retirement of two longstanding members, Bill Wetherall and Niki Neilon.
Josh Miller, CEO of KeyState Captive Management, has been elected as NCIC president, while Renea Louie, CEO of Sotera Global Management, has been re-elected as secretary.
Leon L. Rives II, chief visionary officer at RH CPAs, has been elected as treasurer.
Miller brings more than 30 years of experience in investment management and captive services to the role, having launched KeyState’s captive management business in 2008.
Under his leadership, KeyState manages captives in nine US onshore domiciles including Nevada, Vermont, and Delaware.
“I am honoured to lead our respected state association and build on the strong foundation laid by the board since its inception,” says Miller.
Louie, who has been active in Nevada’s captive space for over 20 years, says she looks forward to advancing NCIC’s legislative and regulatory agenda.
“Under Nevada insurance commissioner Scott Kipper’s leadership, we will support our members and bolster Nevada’s prominence through key legislation and a robust regulatory framework,” notes Louie.
She adds: “Commissioner Kipper’s return with his staff has revitalised Nevada’s appeal as a captive insurance domicile.
“Nevada’s business-friendly policies and Kipper’s proven expertise make it an attractive destination for companies seeking flexibility and efficiency.”
Meanwhile, Rives says he is focused on safeguarding the council’s financial footing while supporting industry growth.
“I am committed to ensuring the NCIC’s financial stability as we pursue bold initiatives to enhance our industry,” he adds.
The NCIC expresses its appreciation for Wetherall and Neilon’s service and says it is confident in the direction set by the new executive team.
