The Washington, D.C. Department of Insurance, Securities and Banking (DISB) announced today that Thomas Hampton is now serving as the agency’s acting commissioner.
Dana Sheppard, who was the acting director of the Risk Finance Bureau at DISB, was named associate commissioner of the Bureau.
Mr. Hampton succeeds Commissioner Lawrence Mirel, who left for private practice after holding the post for 6 years. Mr. Hampton was appointed by Mayor Anthony Williams on Sept. 30, the department said.
Mr. Sheppard’s appointment was announced by Mr. Mirel at the 4th Annual Conference of the Captive Insurance Council of the District of Columbia (CIC-DC), Sept. 28.
Mr. Mirel told National Underwriter in August that he was strongly considering interim captive director Dana G. Sheppard for the director position.
Arthur Perschetz, chairman of the CICDC and attorney with Muldoon Murphy & Faucette LLP in D.C., said the appointments would be good for D.C.’s captive industry and that he expected the transition to be seamless.
A veteran of the department since 1988, Mr. Hampton most recently was deputy commissioner of DISB. He was responsible for organizationwide policy development and program execution, as well as technical oversight of the insurance, securities, banking and fraud investigation activities.
Prior to joining DISB, Mr. Hampton managed the accounting and financial activities of captive insurance companies in Bermuda and the Cayman Islands for Cigna Worldwide in New York and was a supervisor in general accounting with the American International Group (AIG), the department said.
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 D.C. an attractive domicile for captive insurers.