Davies has appointed James Ferris as CEO of its global captive management business, effective from 1 July. Ferris, who will be based in Bermuda, takes over from Nick Frost, who will transition to the role of chairman. The leadership change marks a strategic shift as Davies looks to expand its global captive offering and strengthen its support for international clients. Ferris joins from BMS, where he served as CEO of capital and risk advisory in Bermuda. He previously spent more than 20 years at PwC, where he was lead partner of the firm’s advisory team on the island. Bringing over 25 years of industry experience, Ferris is expected to broaden Davies’ services and enhance its position in the captive space. Frost has served as CEO of Davies’ captive management unit for 14 years, leading the team through shifting market cycles and evolving client needs. In his new ambassadorial role as chairman, Frost will continue to support the firm’s US captive client base and contribute to its international growth plans. The company says the leadership restructure comes in response to rising demand from clients for support across a wider range of domiciles. Steven Crabb, CEO of insurance solutions at Davies, comments: “James will be an exciting addition to our growing global captive management business and reflects our ambitious growth plans. “James’ extensive experience within the industry will bring new developments and we look forward to seeing his future contributions.” Ferris adds: “I am looking forward to broadening the Davies offering to the market, building on the core strengths in the team. “Furthermore, I am honoured to be stepping in after Nick Frost who has curated and developed the team over the past 14 years.”
