(Washington, DC) Mr. Dana Sheppard, who was the Acting Director of the Risk Finance Bureau at DC's Department of Insurance, Securities and Banking (DISB), has been named the Associate Commissioner of the Bureau.
The announcement was made by the outgoing DISB Commissioner Lawrence Mirel at the 4th Annual Conference of the Captive Insurance Council of the District of Columbia (CIC-DC) on September 28, 2005.
Mr. Sheppard joined the Department in 1997 as the Senior Attorney and subsequently served as the Department's Securities Attorney, Director of Policy and Public Affairs, and Assistant Director of the Risk Finance Bureau's Compliance Division. He has been instrumental in making DC's an attractive domicile for captive insurance companies. He drafted both the District's original captive insurance law and regulations, and the revised versions. Mr. Sheppard has also worked on several insurance company reorganizations, mergers and liquidations.
Prior to joining the Department, Mr. Sheppard was a trial attorney in the District's Office of the Corporation Counsel, now the DC Office of the Attorney General. He received his J.D. degree from the University of Texas School of Law in 1991, and his LL.M degree with distinction in Securities and Financial Regulation from the Georgetown University Law Center. He is a member of the District of Columbia and Maryland bars.
The Risk Finance Bureau is responsible for the regulation of captive insurance companies and risk retention groups. The Bureau also regulates certified capital companies (CAPCOs) licensed in the District of Columbia.