CAP Chief Executive Officer Sarah E. Pacini has been elected Chair of the Board of Directors for the domicile-neutral Captive Insurance Companies Association (CICA). She assumed her new role, succeeding Michael Bemi, March 15, 2017.
Ms. Pacini, who has been a CICA board member since 2013 and has previously served as its vice chair, was elected by the board in recognition of her continued meaningful strategic contributions to the association. As chair, Ms. Pacini will work in collaboration with board members and incoming CICA president Dan Towle to advance the organization’s strategic direction while remaining apprised of new developments in the regulatory, compliance, and program design arenas. She also will act to ensure that CICA delivers on its mission of providing superior education, advocacy, and leadership to its members.
Ms. Pacini brings to her new role as board chair a wealth of expertise in the fields of healthcare, law, patient safety, captive insurance, claims and risk management, as well as medical professional liability coverage. In her ongoing role as CEO of CAP, she has since 2015 worked in conjunction with its physician leaders to effectively establish, refine, and direct enterprise strategies, objectives, and goals. She also has been instrumental in advancing the organization’s mission and helping it remain current and informed during a period of unprecedented industry change. Additionally, Ms. Pacini serves as chief executive officer of the Cooperative of American Physicians Insurance Company, Inc. (CAPIC).
“This is a time of maturation for the captive insurance industry, and it is characterized in equal measure by great opportunities and notable challenges,” said Ms. Pacini. “I am pleased to be in a position to lead CICA into the future and help members navigate the path ahead, ensuring that the organization remains vibrant, relevant, and of optimal value to them.”
Ms. Pacini also has been reelected to an additional three-year term on the CICA board. She is a graduate of Purdue University School of Nursing and earned her Juris Doctor degree (Summa Cum Laude) from DePaul University College of Law with a Certificate in Health Law.