FORTY under 40: Evelin Hinestroza
Evelin Hinestroza, Vice president, head of finance and accounting, Marsh
Evelin Hinestroza always knew that she wanted to work in an international environment, so studying business and economics felt like the perfect choice. After earning her master’s degree in accounting, she started her career as an audit associate at small firm in Stockholm. But quickly she realised auditing just wasn’t for her, and changed to accounting. She has been working as an accountant for seven years now. In that time she has gained experience from different industries such as forestry, manufacturing and consulting. Today, she is VP head of finance and accounting in the Swedish captive department of Marsh Management Services.
How did you first become involved in captive insurance?
Honestly? It was completely random! I was feeling stuck in my career and looking for something new. When I applied to Marsh in 2021, I had no idea what I was getting myself into – I didn’t even know what Solvency II was, let alone anything about the insurance industry or captives! But I love a challenge, so I just went with it. Looking back, I’m so glad because it turned out to be one of the best career moves I have ever made.
I’ve always dreamed of becoming a CFO, and I knew that switching to accounting would be the right path to get there. That’s why when I joined Marsh, it felt like the perfect fit. The company’s global reach and opportunities for growth were exactly what I was looking for. Now, after three years here, I’ve learned so much and really found my place – especially in captive insurance. Furthermore, Marsh turned out to be great for my career development!
What are the greatest challenges of working in this industry, and what do you find most rewarding?
If you are unaccustomed to a fast-paced environment, the captive industry may seem challenging. However, for me, adapting wasn’t an issue since my previous jobs had already exposed me to this type of work setting. It’s a fast-moving industry, and you must be adaptable. Therefore, if multitasking isn’t your thing, it can feel overwhelming at first. But that also makes it exciting – every day is different, and you’re always learning something new.
Would you recommend the captive insurance industry to young people as a future career path?
Absolutely! I think a lot of people hear "insurance" and assume it’s boring but that’s not the case at all. It’s such a diverse and evolving industry with so many opportunities to grow and carve out your own path. At Marsh, I’ve gained a lot of knowledge on the industry. The way captives help businesses manage risk in such creative ways is fascinating and knowing that my work plays a role in that is really rewarding.
I’m eager to contribute to helping captives implement and develop sustainability practices
What developments do you see ahead for captives?
The industry is evolving fast, and captives are becoming an even bigger part of risk management. As there is a growing interest in sustainability captives serve a huge benefit when it comes to climate and sustainability risks. Sustainability has always interested me, so I’m eager to be part of this change and contribute to helping captives implement and develop sustainability practices.
Do you think your long-term future remains in the captives market?
100%! I’ve never felt more connected to an industry than I do now. Captive insurance has opened my eyes to so many areas I’m passionate about – finance, sustainability, risk – and I can really see myself growing in this space. There’s so much more to explore, and I’m excited to be a part of it.
Click here to read Captive International’s third FORTY Under 40 2025 publication.
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