Willis Group Holdings announced that Pauline Margrett has been appointed Chief Operating Officer for its Global Captive Practice. She is based in London and will report to Tom Coughlin, the Global Captive Practice leader.
The announcement notes that Margrett’s career with Willis extends over 25 years. She has “specialized in client advisory and operational roles in the captive and risk financing arena, most recently as Director of the International Captive Practice. Margrett’s appointment to the Willis Global Captive Practice underscores the broker’s intention to expand its captive risk management capabilities on a global scale.”
Coughlin noted that Margrett “has worked in the captive arena for many years and has a great understanding of the business. She has the knowledge and expertise to really drive improvements in operational efficiencies to support the strategic growth plan of the Global Captive Practice. ”
Willis pointed out that its “Global Captive Practice provides consulting services to clients that help them decide on a risk financing strategy and determine whether a captive is a suitable vehicle to help manage their retained risk. The team also offers extensive global experience and capabilities to help clients set up and manage a captive, and achieve the optimal balance between risks they choose to transfer out of their business and those which they keep in-house.”
Offices are located in Bermuda, Cayman, Ireland, Gibraltar, Guernsey, Hawaii, Isle of Man, Malta, New Zealand, Singapore and Vermont. The practice is currently the third-largest global captive manager in the industry.
Source: Willis Group Holdings – www.willis.com