Captive Insurance Regulator
Fenhua Liu is a captive insurance regulator at Connecticut Insurance Department. She has more than 25 years of broad experience and expertise in risk management, underwriting, operations/process enhancement, rate-setting, project management, licensing, strategic business development/marketing, finance, public relations and regulations. She currently works at Connecticut Insurance Department to license and exam captives and risk retention groups in the alternative market. She also participates in drafting captive legislative changes and working with Connecticut captive insurance association to facilitate captives growth in Connecticut.
Fenhua also worked at Department of Social Services in Connecticut on healthcare rate-setting and large service contract evaluations. Prior to that, Fenhua was a Director of Finance at Travelers Insurance Companies and a Senior Global Underwriting Portfolio Analyst, Project Manager and Risk Analysis Specialist at HSB Inspection & Insurance Company, Munich Re. Fenhua also has five years of work experience at Ministry of Finance (equivalent to US Treasury Department) of China. She was in charge of regulating eleven nationwide enterprises' self-insured pension programs. She was also a member of Pension Reform Committee of the State Council of China to develop pension reforms for China and participated in a variety of pension, healthcare and unemployment insurance projects organized by World Bank, Asian Bank, International Monetary Fund.
Fenhua received her M.S. in Insurance from University of Hartford and M.S. in Statistics from Renmin University of China. She holds the designations of Certified Financial Examiner (CFE), Chartered Property Casualty Underwriter (CPCU), Accredited Financial Examiner(AFE), Associate in Reinsurance (ARE), and Associate in Risk Management (ARM) in the United States. She was also a Charted Economic Analyst in China.
About Connecticut Insurance Department - Captive Insurance Unit
The Captive Insurance Division evaluates licenses, regulates and examines the captive insurers and risk retention groups in the alternative risk market for the State of Connecticut.
A captive insurance company is wholly owned and controlled by a parent company or association, and operates to insure the parent’s own risks. In Connecticut, a captive is defined as any pure captive insurance company, association captive insurance company, industrial insured captive insurance company, risk retention group, sponsored captive insurance company, or special purpose financial captive insurance company that is domiciled in the state and formed or licensed under the provisions of the Connecticut Insurance Statues and Regulations.
Since the passage of Connecticut’s captive law in 2008, Connecticut has quickly distinguished itself as a world class captive domicile and as a center for innovation in captive formation and thinking. The captive insurance environment in Connecticut is indeed growing, vibrant and responsive.
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