Cutts-Watson Consulting (CWC) has made new executive appointments, announcing Dominic Wheatley (left) as managing director and Graham Powell (right) as head of consulting respectively.
Both previously served as consultants at CWC, with Wheatley specialising in risk retention and captive insurance. Before CWC, he served as chief executive of We Are Guernsey for more than five years.
As a consultant, Powell focused on the principles and practice of regulation, corporate governance and compliance, including feasibility, structuring, formation, operation and revalidation throughout an insurer’s lifecycle. Before this, he was executive director at Aon Insurance Managers (Guernsey).
In addition, founder Malcolm Cutts-Watson assumes the role of executive chairman, where he will be responsible for developing the CWC brand, while Niall Lucas joins the expanded board.
CWC notes that these appointments follow six years of trading, and are designed to position the independent captive consulting firm for the next stage of its growth.
The firm offers independent advisory services to captive and niche reinsurance stakeholders in the structure and management of alternative risk vehicles.
Commenting on the appointments, Cutts-Watson says: “Given [Dominic and Graham’s] familiarity with CWC’s ethos and business model, together with their deep knowledge of the insurance sector, it was the logical choice to invite them to assume greater responsibility for directing the business.
“Our mission remains unchanged: to make our accumulated wisdom and insight available to all stakeholders in the captive and niche reinsurer space. These appointments will allow us to better leverage our cumulative knowledge and expertise to deliver enhanced products and services.”
Powell adds: “I have thoroughly enjoyed working with Malcolm and the other consultants in building the CWC brand, and am delighted to have been asked to become head of consulting at such an exciting time for both CWC and the insurance industry.”
Wheatley concludes: “The business model he has established continues Malcolm’s long-term commitment to the recognition of captive insurance as a distinct discipline in its own right, and the value of specific expertise and experience in advising on the design, implementation, and operation of captive structures, strategies and programmes.”
