Agency Promotes Shulz to Expand Tennessee as Captive Domicile

The Tennessee Department of Commerce & Insurance has named Michael Shulz to be director of business development for the insurance division, promoting the growth of Tennessee-based captive insurance companies.

Tennessee already ranks 10^th in the world for the number of captives, with more than 500, which have gross written premiums of more than $2 billion, the department said in a news release. Shulz will work to expand the use of captives as a tool for companies to manage risk and self-insure aspects of their business.

Shulz, who has served as director of six regulatory programs in TDCI’s Division of Regulatory Boards, will succeed Joshua Clark, who is returning to the private sector, the department said. Shulz has been with the department since 2020. He spent more than a decade with former U.S. Sen. Lamar Alexander, as assistant press secretary, legislative correspondent and field representative.