Marsh announces senior captive appointments

Broker Marsh has promoted Will Thomas-Ferrand to strategy and operations leader, Europe, the Middle East, and Africa (EMEA) and Asia Pacific, and Stephen Portelli to head of office in Malta.

Thomas-Ferrand and Portelli will both report to Ian Clancy, Marsh Captive Solutions’ Practice leader, EMEA and Asia Pacific.

In Thomas-Ferrand’s newly created role, he will work closely with Ian Clancy and Chris Lay, president, Marsh Captive Solutions, to develop consistent policies, practices, and platforms across Marsh Captive Solutions. Thomas-Ferrand has relocated to the UK from Marsh Captive Solutions in Malta, where he was head of office from 2010. He previously led a team in Marsh’s captive operations in Bermuda.

Succeeding Thomas-Ferrand, Portelli will lead Marsh Captive Solutions’ operations in Malta, which provides strategic captive management advice to Marsh’s captive clients globally. Portelli will be supported by David Galea as deputy head of office. Portelli and Galea have both worked for Marsh for nearly 10 years.

“More and more companies are viewing their captive insurance programmes as strategically important corporate assets, as they raise the visibility of risk management costs and serve as an effective control tool,” said Chris Lay, president, Marsh Captive Solutions.

He added: “Will brings tremendous experience to this newly created role and I look forward to working with him to deliver innovative captive insurance programmes to our clients globally, regardless of their size, industry, or geography.”