9 December 2015Actuarial & underwriting

Marsh appoints captive solutions lead in Guernsey

Insurance broker Marsh has appointed Stephen Hawkes as head of office in Guernsey with immediate effect.

Hawkes will report to Ian Clancy, Marsh captive solutions’ practice leader, Europe, the Middle East, and Africa (EMEA) and Asia Pacific. He will lead Marsh's captive solutions operations in Guernsey, which provides strategic captive management advice to Marsh’s captive clients globally, according to the firm.

Hawkes’s appointment marks his return to Guernsey, having worked on the island as an insurance manager from 1988 to 1992. He relocates to Guernsey from Marsh in London, where he worked in a variety of senior roles over the past 15 years. Most recently, he was with the sales team in the risk financing practice, where he used data and analytics to advise large organisations on risk finance optimisation, according to Marsh.

David Riley, former head of office has been appointed to a newly-created role, where he will focus on developing Marsh’s growth initiatives in new and traditional Guernsey market areas, such as pensions longevity structures and special purpose vehicles.

“Data analytics and benchmarking are revolutionising captive insurance, by enabling clients to identify trends and quantify the advantages that captive vehicles can deliver,” said Ian Clancy, Marsh captive solutions’ practice leader, EMEA and Asia-Pacific.

“With Stephen’s deep industry knowledge and analytics expertise, Marsh is well-placed to offer our clients more control over their economic cost of risk. I look forward to working with Stephen and David in their new roles.”

Marsh established its captive operations in Guernsey in 1974. Originally based in Albert House, St Peter Port, the firm moved to St Martin’s House, St Peter Port, in 1995 and now manages captive insurance programmes for multinational corporations across a wide range of industries.