Our Trustees
sheila small
Sheila Small is the founding member and president of the Captive Insurance Group of New Jersey. Sheila is a Managing Director with Alvarez & Marsal Insurance and Risk Advisory Services with 40 years of financial and risk management experience.
Prior to joining A&M, Ms. Small spent 21 years leading the risk management organization at Verizon Communications Inc., where she was responsible for the design and negotiation of the global insurance programs, claims management, captive operations, contract consultation, loss control initiatives and workers’ compensation. Ms. Small is well known and respected within the insurance industry and has been the recipient of numerous awards, including:
• Top 100 women in the Insurance Industry
• Risk Manager of the Year
• One of the "25 Women to Watch"
• Risk Innovator Award
• Outstanding Captive of the Year Award
• Ranked #10 in the Power 50 and #3 for captive owners in Captive Review
Crosby L. Sherman
Crosby L. Sherman was recently named a trustee of the Captive Insurance Group of New Jersey. Crosby comes with extensive insurance regulatory and industry experience. Crosby was first introduced to captive insurance while a financial examiner with the Vermont Insurance Department when the captive law was first enacted there. Later he pursued careers within the traditional insurance industry as Controller of a major homeowner's writer in CT and Senior VP of a privately held insurance holding company. He became involved with captive insurance again in 2011 while with the New Jersey Department of Banking and Insurance helping to draft governing statutes and supporting regulations and testifying before the NJ Legislature. Upon passage of the law, Crosby was appointed NJ's first Chief of Captive Insurance. More recently he served as the Deputy Commissioner of Insurance with the Department of Financial Regulation back in Vermont.
William P. White
William P. White has over 35 years of broad insurance industry experience in executive management positions for leading insurance and reinsurance companies and appointed regulatory positions with state and federal government authorities.
He is the Managing Principal of Acuity Strategic Consulting LLC, an independent insurance advisory firm that provides services for strategic development and planning of risk financing operations, market evaluation of regulatory policies and development of captive insurance companies.
As the Commissioner of Insurance Securities and Banking for the District of Columbia (2011 - 2013), he developed regulatory policies and implemented statutory initiatives to meet federal requirements under the Dodd-Frank Act and Affordable Care Act. He was appointed to the first Federal Advisory Committee on Insurance, supporting the Federal Insurance Office (FIO) at US Treasury and represented US insurance regulators on international committees. His background and experience in captive insurance and the Alternative Risk Transfer (ART) market includes positions as Captive Insurance Director for the District of Columbia (2003) and the State of Delaware (2006).
He is a graduate of Dartmouth College, received an MBA from New York University, and has an Associate in Reinsurance (ARe) designation from the Insurance Institute of America.
Marc Smith
Marc Smith, CPA, CPCU is a trustee and serves as the treasurer of the Captive Insurance Group of New Jersey. He has 22 years of public accounting experience where his focus has been on the alternative risk and commercial insurance industries. Marc was recently the Director of Baker Tilly's captive audit and tax practice, he served as a partner with Johnson Lambert and was previously with PricewaterhouseCoopers. He is a speaker on captive and insurance accounting topics and is the author of the chapter covering captive insurance entities in the AICPA's Audit and Accounting Guide for Property and Liability Insurance Companies.
William F. Megna
Mr. Megna is the Co-Director of the Genova Burns Insurance Law Practice Group. He has been in private practice for over two decades. Prior to entering private practice, Mr. Megna for over a decade held various in-house insurance positions. Mr. Megna specializes in representing insurance and other regulated financial institutions. His expertise spans the entire spectrum of insurance products and services including property and casualty, life and health, reinsurance, surplus lines and captives. He has represented clients in acquiring, forming and licensing insurers and producers, seeking approval of rates and forms as well as enforcement matters. Mr. Megna has served as counsel to the Washington, DC Life and Health Insurance Guaranty Association for over a decade. Mr. Megna also is the past Chairman of the New Jersey State Bar Association’s Insurance Section. He has been listed in New Jersey Super Lawyers for insurance law and New York Area's Best Lawyers for government relations law.
