Captives.Insure names Rachel Kortman chief underwriting officer

Captives.Insure appointed veteran underwriting executive Rachel Kortman as chief underwriting officer on August 6, 2026, to oversee underwriting governance as the company expands captive insurance access. The move comes amid rising demand for alternative risk financing and a push to bring captive structures to more high-performing businesses.

Why it matters: - Captives.Insure is putting a seasoned underwriting leader in charge as demand grows for alternative risk financing. - The appointment supports the firm’s effort to expand access to captive insurance solutions for businesses that have historically been underserved by traditional market approaches. - Underwriting discipline and portfolio quality are central to the company’s growth strategy with insureds, brokers, captive managers, fronting carriers, and reinsurers.

What happened: - Captives.Insure announced Rachel Kortman, CPCU, CAWC, as chief underwriting officer on August 6, 2026. - Kortman will lead underwriting governance across all lines of business. - Kortman will also direct the buildout of the underwriting team and hold accountability for portfolio quality. - Kortman will be based in Grand Rapids, Michigan.

The details: - Kortman brings more than two decades of commercial property and casualty underwriting leadership. - Her background includes managing nine-figure portfolios of publicly and privately held companies, including Fortune 500 accounts. - Her experience spans guaranteed cost, deductible, loss-sensitive, and captive program structures. - Her work has also included designing risk transfer and reinsurance programs built on loss forecasting and financial modeling. - Nate Reznicek, CEO of Captives.Insure, said Kortman’s underwriting discipline and experience with complex, large-account risks strengthen the company’s commitments to clients and capacity partners. - Reznicek said Kortman will help ensure growth does not come at the expense of portfolio quality for insureds, brokers, captive managers, or carrier partners. - Kortman said disciplined risk assessment and long-term profitability are the foundation of underwriting. - Kortman said Captives.Insure is using education, technology, and products like EmpoweredRe to change the misconception that captives are only for the largest organizations.

Between the lines: - The hire signals that Captives.Insure is prioritizing specialized underwriting control as it scales. - The company is leaning on a combination of technical underwriting expertise and technology to widen the captive market. - Kortman’s background in both traditional carrier underwriting and captive structures suggests Captives.Insure wants stronger alignment between growth and risk selection.

What's next: - Captives.Insure will continue building its underwriting team under Kortman’s leadership. - The company is expected to keep expanding its captive insurance offerings for high-performing businesses. - The firm will continue positioning its open programs and delegated underwriting authority as tools for brokers and captive managers. - More information is available in the company’s announcement and on Captives.Insure’s LinkedIn page.

The bottom line: - Captives.Insure is betting that stronger underwriting governance will help it grow while preserving portfolio quality and widening access to captive insurance.