Captive honours for island executives
Two veterans of the island’s captive insurance sector have been added to the Captive Review Hall of Fame.
David Ezekiel and Roger Gillett are among the three new hall of famers named this year.
At the same time, a number of Bermudian-based insurance leaders have made it into the latest power list for the captive insurance sector.
Among them is Julie Boucher, a managing director of Marsh, who leads Marsh Captive Solutions practice. She features at No 18 in the Captive Review Power 50 list, published by Captive Review magazine.
The magazine had this to say about her: “As a practice leader for the world’s largest captive manager, Boucher is highly respected in her field. Boucher is responsible for the growth and development of the Bermuda captive offices.
“As head of office in Bermuda, Boucher ensures a steady hand in delivering high-quality captive management and services in the state.”
David Gibbons, PwC Bermuda captive insurance leader, is at No 22 on the list.
The magazine said: “Responsible for overseeing PwC Bermuda’s captive insurance group, Gibbons has extensive experience in captive-focused internal audit services to clients.
“Having previously chaired the Bermuda Captive Conference, Gibbons is highly respected on the island by service providers and captive insurance companies alike.”
Another Bermudian-based executive on the list is Brian Quinn, founding director of Granite Management Ltd. He is placed at number 37.
Captive Review said: “Regarded in the community as an employee benefits expert, Quinn provides influence and experience to multinationals planning to set up global captive programmes.
“With prior experience building General Motors’ employee benefits captive, Quinn is a trusted and well-respected expert in the business. With employee benefits only growing bigger and bigger, Quinn is sure to have a busy 2020.”
The list was topped by Lorraine Stack, managing director, Marsh.
More than 10,000 votes were cast to help London-based Captive Review compile its list of the most powerful and influential individuals globally within the captive insurance industry today.
In addition to the annual list, the magazine announced that Mr Ezekiel and Mr Gillett have been added to its Hall of Fame.
Regarding Mr Ezekiel, it said: “Long-time captive figure in Bermuda, Ezekiel first was partner in one of the most well-known accounting practices in the country for many years, being he established International Advisory Services Ltd in 1981. Running IAS for many years, and holding board positions in Bermuda as well, IAS was acquired by Marsh in 2009 and Ezekiel became chairman of the new Marsh IAS. He retired in 2016.”
With regard to Mr Gillett, the magazine said: “With a career than spans three decades in captive insurance, Gillett is one that knows the history of Bermuda’s industry better than most.
“After 20 years at Johnson&Higgins, he went on to be the president of Ace Risk Management International for a decade. A recipient of the Bermuda Insurance Development Council’s lifetime achievement award in 2013, he championed the domicile and provided expert analysis on all aspects of the industry.”
Meanwhile, PwC’s Mr Gibbons said: “Congratulations to the two Bermuda Hall of Fame inductees and to all of the island’s captive industry leaders who made the annual Power 50 list.
“With reinsurance markets hardening, the use of existing captives and interest in new captives formations are becoming daily discussion points and it is an honour to be included on a list with such prominent industry contributors, who will help drive this growth in the market.”
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