Craig Watanabe, the winner of the award at the state level, is the Captive Insurance Administrator for the state of Hawaii. Watanabe has been instrumental in expanding Hawaii’s captive insurance industry. He spearheaded passage of Hawaii’s Captive Insurance Law of 1986. As a result of the law’s enactment, Hawaii’s captive insurance industry has flourished and Hawaii is recognized as one of the top ten domiciles in the world for captive insurance, and one of the top five in the world based on capital assets of Hawaii’s captive insurance companies. Since Watanabe’s appointment as Captive Insurance Administrator, Hawaii’s captive insurance industry has more than tripled in size.