Anne Ritts
Assistant vice president, Insurance Solutions Group
PNC Institutional Asset Management
Personal bio
Anne Ritts is an assistant vice president within the Insurance Solutions Group at PNC Institutional Asset Management, where she works closely with clients in the traditional commercial, captive, and selfinsurance markets. Drawing on her background in investment and relationship management, she helps coordinate strategic investment solutions, supports client engagement, and contributes to education initiatives across the sector.
Anne holds the ACI designation and is an active supporter of the commercial and captive insurance community. She serves as chair of the networking committee within CICA’s Amplify Women initiative and regularly participates in industry conferences.
Outside of work, Anne likes to keep busy. She and her fiancé enjoy camping during the warmer months in Ohio and share a love of travel. On weekends, she can often be found at a group workout class, catching up with family over coffee at a local café, or relaxing at home with her cat, Willy.
She believes that maintaining a healthy work-life balance is key to professional success — something she values deeply within both PNC and the broader captive insurance industry, where the culture genuinely supports that balance.
Can you tell us a bit about your journey into the captive insurance industry? What initially drew you to this field?
I began my career in captive insurance in 2023, through the PNC Asset Management Group’s development programme.
I initially worked at PNC Private Bank as an analyst, supporting senior advisors in helping families achieve their long-term wealth objectives. When the opportunity arose to join the Insurance Solutions Group, I was at first uncertain.
However, after speaking with members of the team, I quickly realised how knowledgeable and welcoming they were. It became clear that this was an opportunity I did not want to miss. I had already taken an interest in captives — they are highly specialised, which I found particularly intriguing.
I was drawn to captives because the industry has seen rapid growth. It is the fastest-growing segment within the Insurance Solutions Group, and I wanted to be part of that momentum and the opportunities it presents.
What is a typical day like for you, and what has been your most rewarding achievement so far?
That is a tough one to answer, as no two days are ever the same. There is always a new project or task we are working on for our clients. There is a saying in the industry: when you’ve seen one captive, you’ve seen one captive. The point being that no two captives are the same.
I find it especially rewarding to work with so many large, wellknown companies at a young age. It has been brilliant to have the opportunity to support them in meeting their needs.
Have you faced any significant challenges in your role, and how did you overcome them?
The biggest challenge was the initial learning curve. Coming from the private banking side, where I was working with families and their wealth, moving into insurance was a significant leap.
Five years ago, I did not even know what a captive was, and I had to get to grips with the ins and outs of the industry fairly quickly. My teammates at PNC were incredibly supportive, and it certainly helped that I had a genuine interest in the captive industry.
What do you enjoy most about working in the captive insurance sector, and what advice would you give to young professionals considering a career in this field?
I really enjoy both the people and the chance to help businesses address a very real need. The captive industry is quite niche — once you are involved, you quickly get to know all the key players and service providers, and your name tends to travel fast because you are all working so closely together. It is a sector that brings together a truly diverse and innovative community.
Looking ahead, I would love to see more young people enter the insurance industry. There is strong demand for younger and mid-career professionals in captives, and the perception of the industry is shifting. Captive insurance is no longer seen as simply an alternative risk solution — it is now a vital component of a comprehensive risk management strategy.
The processes around setting up and running a captive are becoming increasingly accessible, and I think that trend will only continue.
My advice to young professionals? If you're given the opportunity, go for it! It might seem daunting at first, but the possibilities are endless.
Are there any mentors or colleagues who have played a significant role in your development?
Anjanette Fowler, managing director of the Insurance Solutions Group at PNC Institutional Asset Management, has been an incredible mentor. Without her guidance and the ability to call on her for advice, I genuinely do not believe I would be where I am today.
Wade Meadows, head of the Insurance Solutions Group, has also been a pleasure to work for. He has been exceptionally supportive, particularly in terms of professional development and exploring new opportunities.
I also consider my colleague James Bailey, PNC’s insurance investment director, to be an invaluable resource. He has always been open to me running ideas by him and generously sharing his insights.
How do you keep developing your knowledge and skills in such a specialised industry?
I am highly engaged in industry events and professional development opportunities. I recently completed several courses through the International Center for Captive Insurance Education (ICCIE) to earn my Associate in Captive Insurance (ACI) designation.
I make the most of every opportunity to attend industry events such as the Captive Insurance Companies Association (CICA) conference, which offer excellent networking prospects both within the sector and with captive owners.
I am also a member of the CICA’s Amplify Women networking subcommittee, which has been an incredibly rewarding experience.
Anjanette Fowler, managing director, Insurance Solutions, PNC Institutional Asset Management Group, “Anne Ritts has quickly distinguished herself as an emerging talent in the captive insurance space. Since joining our Insurance Solutions Group at PNC, she has integrated seamlessly, demonstrating exceptional professionalism, an amazing organisational skillset, and a deep understanding of the unique needs of our captive clients. Her ability to navigate complex investment management strategies with clarity and precision has made her an invaluable asset to both our team and the clients we serve.”
