Willis Group Holdings has appointed Martin Best as managing director of Willis Management in Guernsey. He will report to Paul Owens, CEO of Willis Global Captive Management.
Best has worked within the Willis captive business since joining the company in 1998, most recently as the COO of Willis’s international captive operations.
In his new role, Best will be responsible for ensuring the highest standards of service for Willis’s captive insurance clients on Guernsey.
Guernsey, a British Crown dependency and one of the Channel Islands, is the 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 per annum.
Commenting on the appointment, Owens said: “[Best] 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 programme.”
Best added: “Guernsey has an outstanding reputation for innovation and professionalism in the world of international insurance.”
“High-quality professional insurance management combined with a first-class regulatory and tax environment make it a very attractive domicile for those seeking to establish a captive insurance operation.”
“I am thrilled to have the opportunity to lead our captive operations on the island and deliver the best possible solutions for our clients.”
