Thomas-Ferrand to head captive insurance business at Marsh
Thomas-Ferrand to head captive insurance business at Marsh | Insurance Business America
Insurance News
Thomas-Ferrand to head captive insurance business at Marsh
Predecessor retiring before New Year
Insurance News
By
Terry Gangcuangco
Marsh has announced that Will Thomas-Ferrand, the international practice leader at Marsh Captive Solutions, will take over as head of the captive insurance business starting next year.
Ellen Charnley, who has led Marsh Captive Solutions as president, will be retiring at the close of 2024, capping off her seven-year tenure in that role. The outgoing US-based leader has been with Marsh since 2004.
Meanwhile Thomas-Ferrand will remain in London, bringing two decades of experience with Marsh. Before his current role, he managed Marsh’s captive operations in Malta and spent a significant portion of his career working with US clients in Bermuda.
Pat Donnelly, president of specialty and global placement at Marsh, noted: “For more than 50 years, Marsh has been on the forefront of the captive industry, innovating and helping organizations of all sizes navigate and manage their risks with confidence.
“Will’s knowledge and experience in the captive sector across various geographies, in addition to his unwavering dedication in supporting our captive insurance clients, makes him the ideal person to lead Marsh’s captive business going forward.”
Donnelly also acknowledged Charnley’s contributions, commenting: “I want to personally thank Ellen for her tremendous leadership over the last seven years and wish her well in her retirement. Ellen, Will, and our leadership team will be working closely together over the next few months to ensure a smooth and seamless transition.”
Thomas-Ferrand added that more firms are turning to captives to address risks like climate change and cybersecurity.
“Once the preserve of large multinational corporations, smaller organizations are also now benefiting from flexible captive solutions to support their growth strategies,” he said. “Under Ellen’s leadership, Marsh’s captive capabilities have grown into a global network of experts that support our clients in navigating the captive insurance landscape, regulatory changes, and market dynamics.
“I look forward to leading our highly successful team as we continue to champion captive insurance and alternative risk transfer solutions around the world.”
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