Bermuda Granite appoints new VP
Caution needed over captives
Marsh has hired Matthew Latham, AXA XL’s head of global programmes and captives, as its new alternative risk transfer leader. Latham joins Marsh UK’s Financial Solutions Group advising clients on structured reinsurance, legacy transactions, parametric and “other bespoke and innovative solutions”.
He brings almost three decades’ experience to the role. He was at AXA XL for seven years, responsible for driving new global programmes and captive business. Before that, he worked with AIG in a number of roles, including head of client management in the UK. He has also served as VP for ACE, working as underwriting manager for London financial solutions, specialising in non-traditional insurance and reinsurance products for large European corporates, captives and insurers.
Latham began his career on Willis’s graduate programme.
Earlier this year, he warned that businesses needed to take a long-term view when setting up a captive but said that the hard market was driving interest in the vehicles.
“Having that tool available to you is a great string to the bow for a client’s risk management department to fill in for any classes of business where the capacity is not there,” he told the RISCS Captive Conversation podcast.
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