Joanne ShaverWilmington Trust hired Joanne Shaver, CPA, as captive account manager for the company’s Captive Management Services division in Delaware.
She is based in Wilmington and reports to Kirk Mooneyham, managing director of Captive Management Services, which is part of Wilmington Trust’s Institutional Client Services division.
Prior to joining Wilmington Trust, Shaver was a principal at Cover & Rossiter, P.A., a Wilmington-based CPA firm, where she headed the firm’s captive insurance practice.
Shaver has been actively involved with the Delaware Captive Insurance Association since its inception in 2005. She is currently treasurer of the association, chair of the finance committee, and co-chair of the marketing committee. Joanne has spoken at the Delaware Captive Insurance Association’s annual conference, and participated in many events on behalf of the association.
She earned a bachelor’s degree in accounting from Mount Saint Mary’s College in Emmitsburg, Md. Shaver currently holds a CPA license in Delaware. Shaver is a member of the American Institute of Certified Public Accountants (AICPA) and the Delaware Society of Certified Public Accountants. She recently earned the International Center for Captive Insurance Education’s (ICCIE) “Associate in Captive Insurance” designation (ACI). She also received training through the National Association of Insurance Commissioners (NAIC) and the Philadelphia Insurance Society.
Wilmington Trust’s Captive Management Services provides administrative services for captive insurance companies, also known as captives, which are owned by the organizations they insure. Captives are typically formed by organizations that want to better manage the cost and administration of their insurance coverage. The use of captives has continued to rise. According to a March 2013 report by “Business Insurance Magazine,” there were 6,052 captives worldwide in 2012, up from 5,807 in 2011.
Wilmington Trust provides these captive management services through offices in Delaware, Nevada, South Carolina, Vermont, and the Cayman Islands, which are among strategic locations for captive insurance company operations.