Fenhua Liu is the chief captive insurance regulator of Connecticut. She made the 2024 and 2023 Power 50 list of Captive Review. She has 28 years of broad global experience, expertise, and leadership skills in insurance and risk management. She leads a division with full support across the department to review, license, and examine captive insurers and risk retention groups, propose new pro-captive legislative changes concepts, and support a business environment for the growth and prosperity of the captive insurance industry in Connecticut.

Liu previously worked on healthcare rate-setting and large service contract evaluations at the Connecticut Social Services Department. Prior to that, she was a director of finance with The Travelers Companies, and held three positions in underwriting, project management, and risk analysis with HSB Insurance Company, Munich Re.

She also monitored 11 large corporations’ self-insured pension programmes in Asia and led a variety of projects on pension and healthcare insurance reforms that were organised by the World Bank, Asian Bank, International Monetary Fund.

She holds the designations of Certified Financial Examiner, Chartered Property Casualty Underwriter, Accredited Financial Examiner, Associate in Reinsurance, Associate in Risk Management and Certified Economic Analyst. Liu holds a MS in insurance from University of Hartford and an MS in economics majoring in statistics from Renmin University of China.