Willis Group Holdings, the global insurance broker, today announced that Pauline Margrett has been appointed Chief Operating Officer for its Global Captive Practice. Based in London, Margrett will report to Tom Coughlin, the Global Captive Practice leader.
Over a 25-year career with Willis, Margrett has specialized in client advisory and operational roles in the captive and risk financing arena, most recently as Director of the International Captive Practice. Margrett’s appointment to the Willis Global Captive Practice underscores the broker’s intention to expand its captive risk management capabilities on a global scale.
Commenting on Margrett’s appointment, Coughlin said, “Pauline has worked in the captive arena for many years and has a great understanding of the business. She has the knowledge and expertise to really drive improvements in operational efficiencies to support the strategic growth plan of the Global Captive Practice. We already have a deep talent pool in the business and it will be Pauline’s job to coordinate these resources and ensure they are channelled towards finding the best risk financing and captive solutions for our clients.”
Willis’ Global Captive Practice provides consulting services to clients that help them decide on a risk financing strategy and determine whether a captive is a suitable vehicle to help manage their retained risk. The team also offers extensive global experience and capabilities to help clients set up and manage a captive, and achieve the optimal balance between risks they choose to transfer out of their business and those which they keep in-house.
The Willis Global Captive Practice includes existing operations in Bermuda, Cayman, Ireland, Gibraltar, Guernsey, Hawaii, Isle of Man, Malta, New Zealand, Singapore and Vermont. The practice is currently the third-largest global captive manager in the industry.
