After a week of counting down, Captive Review is finally ready to reveal who took the top spot in this year’s Power 50. As the industry battles to overcome regulatory changes, tax scrutiny and reputational issues, the following professionals are leading the way and making a huge impact on the captive insurance community.
10 Karin Landry- Managing Partner, Spring Consulting, an Alera Group company – Down 3
Following Spring Consulting Group’s acquisition by Alera Group, an employee benefits, property and casualty consulting specialist, the firm has found itself on a greater platform without any disruption to client services. Landry, who co-founded Spring, should now be able to expand her reach and grow her client book further afield.
9 Steve Kinion – Director of the Bureau of Captive and Financial Insurance Products, State of Delaware – Down 5
As regulator for the state of Delaware, Kinion has consistently proved that the First State is a leading domicile with its legislative and regulatory improvements proving key in attracting captives. His experience has proven key in a challenging time for the industry, and as a result, Kinion continues to be at the forefront of the fight on behalf of captive insurance companies.
8 Lorraine Stack – International Advisory and Sales Leader, Marsh – Up 5
With multinational clients around the world, Stack always has the latest insight into the industry’s latest trends, challenges and innovations. A leader in employee benefits, Stack also has vast knowledge of the European market and wisdom on what is driving growth throughout the wider industry.
7 Paul Philips – Global Captive Platform Co-leader, EY – Up 2
Philips and his EY team have become go-to guides on topical issues throughout the industry, ranging from alternative risk to tax, giving them the ability to influence and lead the way. While Philips has a focus on the US, the rest of his team give him the ability to tackle industry challenges all across the globe. Philips continues to be a leader in the space and his influence will likely continue to grow.
6 Fabrice Frere – Managing director, Aon Risk Solutions – Up 5
Over the past year, Frere has helped the industry in its bid to tackle some of the toughest challenges. Whether it’s a strategy on how to tackle Beps or leading the charge on Solvency II, Frere has become an outspoken member of the captive community. He is well known throughout and is of great value to his clients.
5 Mark Cook – Director, Global Services and Solutions Willis Towers Watson – Up 1
Employee benefits has become a must-have business line for captives over the past few years, and Cook is one of the most trusted by multinationals when it comes to implementing such a risk. With a number of projects and studies pointing to its further implementation, WTW with Cook driving, is one of the few leading the charge in this space.
4 Paul Owens – CEO, Willis Towers Watson Global Captive Practice – No change
Since moving into the role of CEO at Willis Towers Watson’s global captive management unit, Owens has made it his business to get to know all areas of the captive insurance industry. While happy to speak about the industry’s largest challenges in both the US and Europe, the WTW team are also one of the leaders in digitising the industry after recently launching a digital feasibility study.
3 Paul Woerhmann – Head of Captive Services, Zurich – No change
Having contributed pearls of wisdom to the industry for years, Woerhmann remains a thought leader for both Zurich and new players entering the space. Few industry people are as trusted and well regarded by multinationals as Woerhmann, who will continue to innovate, create and develop the industry for years to come.
2 John English – CEO, Aon Captive and Insurance Management – Up 21
A few months on from taking the top job at Aon Captive & Insurance Management, English finds himself rising 21 places up the Power 50 table. Appointed for his “extensive knowledge” of the industry and “deep understanding of client needs”, his appointment will allow Aon to continue evolving its captive business as well as develop White Rock and the insurance linked securities management business.
1 Ellen Charnley – President, Marsh Captive Solutions – No change
More than a year since stepping into the hot seat at the world’s largest captive manager, Charnley keeps top spot in this year’s Power 50. A passionate, innovative leader in the captive industry, Charnley has led the way in captive insurance innovations over the past year. From obtaining the first licence in Abu Dhabi to the acquisition of JLT, Marsh’s captive business is continuing to grow with Charnley at the helm.