Hylant Global Captive Solutions has hired Vermont based Marsh vice-president Theresa Carpenter to its team and Marsh deputy manager Amit Hapani.

The hires mean that the Hylant team has tripled in size since Anne Marie Towle became leader of the captive practice in September 2019.

Carpenter has 16 years experience in the industry including seven  years experience at Willis Towers Watson prior to taking her role at Marsh.

She will “work closely with captive owners to model and evaluate captive structures, ensuring alignment with business goals” according to a statement from Hylant.

Hapani has been hired as a chartered account at Hylant Global Captive Solutions, following a career at Marsh, JLT and Willis Towers Watson. He has a background in financial accounting, auditing and strategic planning.

“We are excited to bring Theresa Carpenter and Amit Hapani to the Hylant Global Captive Solutions team,” Towle said. “Hylant intends to be a leader in the captive solutions space, and the additions of Theresa and Amit will aid our success on that front.”

Since Towle joined Hylant Global Captive Solutions one year ago it has rebranded and grown significantly, something the organisation says is in part due to the pandemic.

“Captives are seen as an innovative alternative opportunity right now with the hard market,” Towle said. “Though a captive has always been a valuable strategy, Covid-19 has shown many businesses the opportunities a captive presents, so demand is increasing. We are meeting that increased demand by bringing on the best talent.”