Michael A. Corbett, a native of Pelham Manor, NY, has an MBA
degree from Emory University in Atlanta, Georgia, and a bachelor’s degree from
the University of Mississippi in Oxford, Mississippi. He also has studied
advanced international finance at the London School of Business. He is a member
of the board of Catholic Charities of Tennessee. Mr. Corbett's first professional post was as a corporate lender
with Manufacturers Hanover Trust Company in New York City. Subsequently he held
senior financial positions with West Point Pepperell, Purolator Courier
Corporation, Macmillan Publishing Company and Genesco, Inc.
Prior to joining the Department of Commerce and Insurance, Mr.
Corbett developed an institutional financial consulting practice at a major
brokerage house that focused on captive insurance companies. During this time,
Mr. Corbett sat on the finance committee of the Vermont Captive Insurance Association
and has served as its Chairman. His duties at the Department include the admission and regulation
of Tennessee captive insurance companies. Along with Commissioner McPeak, he
and his staff are dedicated to making Tennessee a first class domicile for
captive insurance companies. Since the rewrite of the captive statute in 2011,
the Captive Section has formed 545 Risk Bearing
Entities (RBEs) in various types of captive insurance companies.