Willis boosts captive expertise on Guernsey

Insurance management and consulting services provider Willis Management (Guernsey) has appointed Martin Best as managing director.

In his new role, Best will report to Paul Owens, chief executive officer of Willis Global Captive Management. Best will be responsible for looking after Willis’s captive insurance clients on Guernsey.

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.

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.”