Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, has appointed Martin Best as the managing director of Willis Management (Guernsey) Ltd.
In his new role, Best will report to Paul Owens, chief executive officer of Willis Global Captive Management. He has worked within the Willis Captive business since joining the company in 1998, most recently as the chief operating officer of Willis’ international captive operations.
Commenting on the appointment, Owens said: “Martin takes the helm at an important time for us as more and more of our complex clients are looking at the prospect of setting up a captive as part of a comprehensive and sophisticated risk management program.”
Guernsey, a British Crown dependency and one of the Channel Islands, is a leading captive domicile in the European region with over 300 companies and over 450 cells licensed for insurance purposes, writing premiums of £4.63 billion ($7.4 billion) per annum.
Source: Willis Group Holdings plc
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