LONDON, Oct. 6, 2014 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, has appointed Martin Best as the Managing Director of Willis Management (Guernsey) Ltd, a leading provider of insurance management and consulting services on the island of Guernsey.
In his new role, Best will report to Paul Owens, Chief Executive Officer of Willis Global Captive Management. He has worked within the Willis Captive business since joining the company in 1998, most recently as the Chief Operating Officer of Willis's International Captive operations. In his new role, Best will be responsible for ensuring the highest standards of service for Willis's captive insurance clients on Guernsey.
Guernsey, a British Crown dependency and one of the Channel Islands, is the leading captive domicile in the European region with over 300 companies and over 450 cells licensed for insurance purposes, writing premiums of £4.63 billion per annum.
Commenting on the appointment, Owens said: "Martin takes the helm at an important time for us as more and more of our complex clients are looking at the prospect of setting up a captive as part of a comprehensive and sophisticated risk management programme. He will lead a strong team with a great reputation for high quality service and a knack for designing innovative risk management solutions."
Best added: "Guernsey has an outstanding reputation for innovation and professionalism in the world of international insurance. High quality professional insurance management combined with a first class regulatory and tax environment make it a very attractive domicile for those seeking to establish a captive insurance operation. I am thrilled to have the opportunity to lead our captive operations on the island and deliver the best possible solutions for our clients."
Willis Group Holdings plc is a leading global risk adviser, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 18,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world's leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website,www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.
CONTACT: Media: Nathan Hambrook-Skinner + 44 2031 248 716 Email: email@example.com Investors: Peter Poillon +1 212 915 8084 Email: Peter.Poillon@willis.comSource:Willis Group Holdings