Cutts-Watson Consulting (CWC) has appointed Graham Powell, strengthening its captive insurance offering in Guernsey.
According to CWC, the appointment comes as a response to increased demand for captive insurance services, and an increasing need to provide a broad range of skills.
In September 2015, Powell retired after 35 years at Aon Insurance Managers, where he was most recently executive director.
He is credited with licensing the first Guernsey protected and incorporated cell insurance companies and helping them to become brand leaders. He is now an independent director of several Guernsey- and UK-regulated boards of entities.
At CWC, Powell will advise clients, helping them to realise the full potential of their captives.
Malcolm Cutts-Watson, founder of CWC, commented: “With the continual need for diversity within the captive industry, our clients dependency on thought leadership and change management, and my own personal goal to make CWC the go to, leading captive insurance consulting firm out there, Graham Powell was just the natural, perfect fit to fulfil our Guernsey based operations.”
“The talent within the team that we have now at CWC, just speaks volumes for our service offering and we look forward to supporting our current and future clients across the captive landscape.”
The announcement follows the appointment of Paul Wakefield, who joined CWC in August, also as a consultant.
Powell said: “Malcolm Cutts-Watson is building a business that is already the talk of the Guernsey insurance industry (and elsewhere) and I am delighted to have been given the opportunity to join so soon after Paul Wakefield.”
“Apart from my insurance expertise I am also able to bring a wealth of knowledge in relation to compliance, corporate governance and regulation. Not flashy, but nowadays an absolute necessity. CWC’s raison d'être is to give organisations access to the accumulated knowledge, insights and experience of its consultants and I am looking forward to being part of that process.”
