Thomas E. Hampton was confirmed by the Washington, D.C. City Council on Tuesday as commissioner of the city's Department of Insurance, Securities and Banking.
Mr. Hampton has been serving as acting commissioner since September 2005 when Larry Mirel stepped down to enter private practice.
Under Mr. Mirel, the District had become competitive with captive domiciles, including Vermont and South Carolina in the chartering of captive insurance companies.
Since the department was authorized to charter captive insurance companies in 2001, it has issued licenses to more than 50 captives and risk retention groups.
Mr. Hampton has worked at the department and its predecessors since 1988. His last post was deputy commissioner in charge of organization-wide policy development and program execution, as well as technical oversight of its insurance, securities, banking and fraud investigation activities.
Before joining DISB, Mr. Hampton had extensive experience in the industry, especially in property and casualty insurance.
A certified public accountant and certified financial examiner, he managed the accounting and financial activities of captive insurance companies in Bermuda and the Cayman Islands for Cigna Worldwide in New York. He also served as a supervisor in general accounting with the American International Group.
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