Thomas-Ferrand to move captive insurance coverage enterprise at Marsh

Marsh has introduced that Will Thomas-Ferrand, the worldwide follow chief at Marsh Captive Options, will take over as head of the captive insurance coverage enterprise beginning subsequent yr.

Ellen Charnley, who has led Marsh Captive Options as president, will probably be retiring on the shut of 2024, capping off her seven-year tenure in that position. The outgoing US-based chief has been with Marsh since 2004.

In the meantime Thomas-Ferrand will stay in London, bringing 20 years of expertise with Marsh. Earlier than his present position, he managed Marsh’s captive operations in Malta and spent a good portion of his profession working with US shoppers in Bermuda.

Pat Donnelly, president of specialty and world placement at Marsh, famous: “For greater than 50 years, Marsh has been on the forefront of the captive business, innovating and serving to organizations of all sizes navigate and handle their dangers with confidence.

“Will’s information and expertise within the captive sector throughout varied geographies, along with his unwavering dedication in supporting our captive insurance coverage shoppers, makes him the perfect particular person to guide Marsh’s captive enterprise going ahead.”

Donnelly additionally acknowledged Charnley’s contributions, commenting: “I wish to personally thank Ellen for her large management over the past seven years and want her effectively in her retirement. Ellen, Will, and our management staff will probably be working carefully collectively over the subsequent few months to make sure a easy and seamless transition.”

Thomas-Ferrand added that extra corporations are turning to captives to handle dangers like local weather change and cybersecurity.

“As soon as the protect of enormous multinational firms, smaller organizations are additionally now benefiting from versatile captive options to assist their progress methods,” he stated. “Underneath Ellen’s management, Marsh’s captive capabilities have grown into a worldwide community of consultants that assist our shoppers in navigating the captive insurance coverage panorama, regulatory adjustments, and market dynamics.

“I stay up for main our extremely profitable staff as we proceed to champion captive insurance coverage and various threat switch options around the globe.”

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