BOD Announcement Regarding USSIC Relocation
Today, the USA Swimming Board of Directors took action to relocate it's offshore captive insurance company to Washington, DC. The decision to relocate its insurance company was based on business and cost efficiencies. USA Swimming's current Executive Committee will serve as a task force charged with the responsibility of facilitating this transition; and the Risk Management Director, George Ward will serve as the staff liaison to the task force.
In the coming week, USA Swimming President Bruce Stratton will provide additional background on this decision and the process undertaken to reach this decision in his forthcoming President's Letter. It will be available on www.usaswimming.org.