Captive Resources LLC (CRI), a provider of services to member-owned group captive insurance companies, has named Michael J. Kilbane as its new president and Jennifer T. Beard as chief operating officer.

The Schaumburg, Ill.-based firm's founder and former president, George V. Rusu, will remain as chairman and chief executive officer, allowing him to continue overseeing the business and to focus on long-range and strategic planning for the firm, the company said.

Formerly CRI's chief financial officer, Mr. Kilbane will be responsible for day-to-day operation of the firm, which employs 125 people and serves 2,000 shareholders of numerous group captive insurance companies.

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