Willis Towers Watson has appointed Paul Bailie as the new head of its Bermuda Captive practice.
A captive industry veteran with over 30 years experience, Bailie has held a variety of leadership roles in the industry, including with JLT Insurance Management in Bermuda.
Most recently he served as an independent director on a number of boards, including a start-up health reinsurer.
Bailie will take responsibility for business development and delivering the company’s value proposition around designing, forming, managing and providing strategic guidance to Bermuda captive and insurance management clients.
Additionally, his new role will see him collaborate across the company’s global businesses and product lines to deliver risk financing solutions for clients across a variety of portfolios.
He will report to Paul Owens, managing director of Willis Towers Watson Global Captive practice.
Owens said: “Paul Bailie brings tremendous expertise and market credibility to this role, and he is well positioned to help us lead our captive business in this important domicile.”
He added: “As traditional and nontraditional sources of capital influence market dynamics, and new and emerging risks fuel growth in the captive marketplace, Willis Towers Watson is committed to delivering solutions to help organizations succeed in this environment,