For Immediate Release:
March 3, 2023
OID’s Captive Insurance Director Steve Kinion Named to Captive Review’s Power 50 List
OKLAHOMA CITY – The Oklahoma Insurance Department’s (OID) Captive Insurance Director, Steve Kinion, has been named in the 2023 Captive Review Power 50. The Captive Review Power 50 recognizes professionals having the most influence within the global captive insurance industry. Kinion was listed as number 41. According to Captive Review, more than 7,800 individuals voted for the Power 50 this year.
Kinion was named to the Top 50 from 2014 to 2019 and 2021 to 2023. Captive Review also named Kinion as the inaugural recipient of the Captive Industry Advocate in 2016 to recognize his advocacy for captive insurance before the National Association of Insurance Commissioners. He also holds the Associate in Captive Insurance (ACI) designation, the highest professional designation for captive insurance. Fewer than 700 individuals hold the ACI designation.
“Steve is a talented leader and well-respected across the captive insurance industry,” Insurance Commissioner Glen Mulready said. “This recognition demonstrates Steve’s and his team’s commitment and determination to bring Oklahoma’s captive insurance program to a higher level of excellence.”
“It’s an honor to be included again in the Power 50 list,” Kinion said. “It’s also a credit to Oklahoma’s continued success as one of the fastest-growing captive domiciles and a great recognition of Oklahoma’s modern captive insurance laws and practices.”
Earlier this week, Senate Bill 620 was passed out of the Oklahoma Senate Judiciary Commissioner with a vote of 12-0. SB 620 will allow captive insurance companies to insure Side A Directors and Officers insurance coverage for Oklahoma corporations.
If you have insurance questions, please contact the Oklahoma Insurance Department at 1-800-522-0071 or visit our website at www.oid.ok.gov.