New York | October 11, 2024
Ellen Charnley to retire at year end
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (NYSE:MMC), today announced that Will Thomas-Ferrand, International Practice Leader, Marsh Captive Solutions, will assume leadership of Marsh’s captive insurance business on January 1, 2025. In this role, Mr. Thomas-Ferrand will report to Pat Donnelly, President, Marsh Specialty and Global Placement and remain based in London.
Ellen Charnley, President of Marsh Captive Solutions, will retire at the end of 2024.
A 20-year veteran of the firm, Mr. Thomas-Ferrand has held various roles of responsibility within Marsh’s captive business. Prior to being named to his current role, he led Marsh’s captive business in Malta and previously spent seven years largely working with US clients in Bermuda.
Commenting on the appointment, Mr. Donnelly said: “For more than 50 years, Marsh has been on the forefront of the captive industry innovating and helping organizations of all sizes navigate and manage their risks with confidence. Will’s knowledge and experience in the captive sector across various geographies, in addition to his unwavering dedication in supporting our captive insurance clients, makes him the ideal person to lead Marsh’s captive business going forward.
“I want to personally thank Ellen for her tremendous leadership over the last seven years and wish her well in her retirement. Ellen, Will, and our leadership team will be working closely together over the next few months to ensure a smooth and seamless transition.”
Mr. Thomas-Ferrand added: “The evolution of the global captive insurance industry continues to gather pace as more organizations turn to captives to address emerging risks such as climate change and cybersecurity. Once the preserve of large multinational corporations, smaller organizations are also now benefitting from flexible captive solutions to support their growth strategies.
“Under Ellen’s leadership, Marsh’s captive capabilities have grown into a global network of experts that support our clients in navigating the captive insurance landscape, regulatory changes, and market dynamics. I look forward to leading our highly successful team as we continue to champion captive insurance and alternative risk transfer solutions around the world.”
