Hawaii Insurance Commissioner Gordon Ito has appointed Andrew Kurata deputy commissioner and captive insurance administrator for the department of commerce and consumer affairs insurance division.
Kurata previously held the position in an acting capacity.
The captive insurance administrator oversees the ongoing regulation of all captives licensed in the state under the insurance commissioner. This includes monitoring for regulatory compliance, reviewing filings, coordinating on-site examinations, and promoting the growth and development of the captive insurance industry.
Kurata has been with the Insurance Division since 2011 as a captive insurance examiner and captive insurance program specialist. Prior to that, he worked in the audit department at KMH LLP.
In 2017, Hawaii matched its best year since 1986 with its formation and licensure of 30 new captive insurance companies.
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