Haslem-era regulator named to Captive Review Hall of Fame

Captive insurance advisor Michael Corbett was named to the Captive Review Hall of Fame, an international honor bestowed annually to a select few.

Now senior vice president at Pinnacle Financial Partners for over a year, Corbett formerly served eight years as captive insurance director for the Tennessee Department of Commerce and Insurance under Governor Bill Haslem whose administration he credits with the “foresight” that helped bring national recognition to the state’s captive insurance sector.

The Captive Review Hall of Fame honors movers and shakers in captive insurance for the scope of their contributions to the industry over decades. As a TDCI regulator, Corbett licensed 669 risk bearing entities collectively comprised of 200 companies and 469 subsidiaries, all worth more than $1.4 billion in yearly premiums. He also chaired the Vermont Captive Insurance Association and operated his own consulting firm in the sector.

Corbett has previously been recognized as among Captive Review’s “Power 50” in 2016, 2017 and 2018, and in 2015, he was named Captive Professional of the Year. Captive Review is a magazine focused on the risk management and captive insurance sectors, published online and in print with significant, intra-industry circulation.

Pinnacle owns a 49 percent stake in Bankers Healthcare Group, a financial services provider for healthcare practitioners and other licensed professionals.

Brentwood’s Reliant a top-performing community bank

Raymond James and S&P Global have recognized Brentwood-based Reliant Bancorp, Inc. as a top performer among community banks.

The Ninth Annual Raymond James Community Bankers Cup awards listed Reliant Bancorp, Inc. among the tenth percentile of domestic community banks for 2020 stock price performance among 241 peers whose assets range from $500 million to $10 billion. Reliant Bancorp was the only Tennessee-based winner.

S&P Global Market Intelligence listed Reliant in its annual rankings for top-performing credit unions and banks across the country for 2020, an honor for which 4,287 banks with less than $3 billion in assets were considered. Reliant was one of only two Tennessee banks to make the list.

Both S&P and Raymond James annually honor community banks for outperforming their peers in, among other things, operational efficiency, profitability and rate of growth.

Reliant serves 11 Tennessee counties.

MacNeill Pride updates executive roster

MacNeill Pride Group announced Thursday, June 3 that Keith Bornholtz was appointed as its new chief executive officer.

This comes almost exactly a month after Brentwood-based MacNeill Pride Group acquired Connecticut’s GCI Outdoor, adding the latter’s bags, camp kitchens, signature outdoor chairs and a variety of GCI patents to MPG’s assortment of coolers, cleats, and golf tees. It was the third merger MPG had executed since 2017.

Bornholtz previously served as president of pet distribution at Central Garden & Pet and brings more than three decades of experience in branded consumer products. He also held executive positions at Big Heart Pet Brands, Clorox, Yes to Inc. and Procter & Gamble. Bornholtz will operate from MPG’s headquarters in Nashville.

MPG also appointed four new directors to its board: Jessica Klodnicki, Joe Steranka, David Tanner and Kevan Talbot. Klodnicki is currently the chief marketing officer for Skullcany Inc., a lifestyle audio product design, marketing and distribution company. Steranka is an executive strategist for golf-related digital marketing and PR firm, Buffalo.Agency. Tanner previously served as CEO of Boardriders, which he is credited with transforming into an outdoor apparel leader doing business under brands like Billabong, Quiksilver, RVCA, DC Shoes and ROXY. Talbot was chief financial officer for Sportsman’s Warehouse Holdings, Inc. for ten years.

MPG operates as a portfolio company of Centre Partners.

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