Re-Insurance

Island executives on captive power 50 list

  • Peter Mullen
  • David McManus
  • David Gibbons
  • Brian Quinn

Four island-based executives are included in the latest power list for the captive insurance sector.

Leading the way is Peter Mullen, who is at number two on the Captive Review Power 50 list, published by Captive Review magazine.

Last year he was number one, but the top spot this time has gone to American-based Ellen Charnley, president of Marsh Captive Solutions.

Mr Mullen, who is chief executive officer of Aon Captive and Insurance Management, came to Bermuda in 1986, and was appointed to his current role with Aon in 2011, when he moved from Bermudian-based Artex Risk Solutions.

More than 6,000 votes were cast in this year’s polling period, helping London-based Captive Review to compile its definitive list of the most powerful and influential individuals globally within the captive insurance industry today.

After Mr Mullen, the next Bermudian-based executive on the list is David McManus, chief executive officer of Artex. He is eighth on the list, moving up two places since last year.

David Gibbons, captive insurance leader and partner at PwC Bermuda, is at 20 on the list, a fall of two places.

Captive Review’s editor Richard Cutcher said: “An influential stalwart of the Bermuda captive industry, David Gibbons has chaired the growing Bermuda Captive Conference for the past two years. When he is not overseeing the delivery of solutions to a variety of captives clients on island, he is an active member within the Bermuda Business Development Agency working hard to promote the domicile and captive concept in the target markets of Canada, the United States and South America.”

Mr Gibbons said: “It’s an honour to be included again in the Power 50 list and to be named among the top 20 professionals in the global captive insurance industry.

“It’s also a credit to Bermuda’s continued strength as a premier jurisdiction, and a great recognition of PwC Bermuda’s leading insurance practice and our dedicated captive team’s focus on bringing strategic solutions, expertise and value to our clients and the marketplace.”

Bermuda’s fourth entry on the list is Brian Quinn, founding director of Granite Management Ltd. He is a new entry at number 50.