Director, Bureau of Captive and Financial Insurance Products
Delaware Dept. of Insurance
Steve Kinion became director of the Bureau of Captive and Financial Insurance Products for the Delaware Department of Insurance in July 2009. Prior to his appointment, he was the senior advisor for regulatory policy for Insurance Commissioner Karen Weldin Stewart. When he became the captive director, the bureau had only 38 captive insurance companies. Today, Delaware ranks as the world’s 5th largest captive domicile and the 3rd largest U.S. domicile with annual captive insurance premiums exceeding $4.5 billion. In 2013, Delaware was named as the U.S. Onshore Captive Domicile of the Year by Captive Review magazine. In 2014 and 2015, Captive Review named Mr. Kinion as one of the four most influential figures in the global captive industry. Mr. Kinion is very involved in regulatory matters concerning captive insurance companies. This involvement includes active participation in matters before the National Association of Insurance Commissioners. For example, Mr. Kinion chaired the sub-group that redrafted the purchasing group provisions in the Risk Retention and Risk Purchasing Group Handbook. Mr. Kinion believes in service. He is an officer in the United States Army Reserve holding the rank of lieutenant colonel.