Cutts-Watson to retire

Captive insurance veteran Malcolm Cutts-Watson is to retire after more than 40 years in the business. 

Cutts-Watson, who oversaw the merger of RISCS with Cutts-Watson Consulting and has been chair for two years, will retire at the end of December, according to Captive Review.

Cutts-Watson has been a key figure in the global captive industry for more than 42 years, including time with Johnson & Higgins in Bermuda and running its Vermont office. He spent 21 years as chairman of Willis’ international captive practice in Guernsey, before setting up his own consultancy, Cutts-Watson Consulting in 2015.

“After five decades in the business it is time for me to step back. When I approached Oliver back in 2022 with a view to merging our respective companies, I had in mind a two year timeframe for my involvement and we have been working to this schedule.

“I am delighted as to how well the merger has gone and to see RISCS CWC go from strength to strength. Winning the Captive Consultant of the Year award at last month’s European Captive Awards validates the RISCS CWC truly independent, global captive and ART consultancy model. 

I wish Oliver and the team all the very best for the future and will remain captivated by their news! I will continue to act as a INED and facilitate development of talent in the industry.”

Oliver Schofield, CEO & managing partner of RISCS CWC added: “It has been a great pleasure knowing Malcolm all these years and an honour for RISCS to be chosen by him as a merger partner for CWC. Malcolm will be sorely missed by all of us – and the wider captive world – but we look forward to extending his legacy by continuing our independent, innovative work. We wish him and Madeleine all the very best for a long and happy retirement.”

Cutts-Watson holds a place in Captive Review’s Hall of Fame, and was last year named by Captive Review as one of the 25 most influential captive insurance professionals of the last 25 years.

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