Artex Bermuda hires William Wood as director of captive and commercial

William Wood has joined Artex in Bermuda as director of captive and commercial.

Wood joins the senior management team in Bermuda in what was a newly created role. He takes on responsibility for the island’s captive and commercial re/insurance management operations, and supervision of a team of managers and account executives charged with management oversight of a portfolio of complex captive and commercial re/insurance clients. He is also responsible for related financial, regulatory and administrative work, as well as new business development.

Wood has more than 25 years of experience in the Bermuda re/insurance market. He was most recently president and chief executive of CT Insurance Management Bermuda, part of Charles Taylor, where he oversaw the delivery of management and consulting services to re/insurance, captive and segregated cell clients.

He began his career as an accountant in London, before moving to Bermuda and focusing on captive management. He has also served as treasurer and controller at Nissan Global Reinsurance, and as vice president of corporate development for XL Capital. He was also formerly vice president for Centre Solutions Bermuda.

Scott Cobon, managing director of Artex in Bermuda, said: “It is an exciting time for Artex. Due to our acquisition of Horseshoe last year, our presence on the island has grown. We created this new role to better manage our captive and commercial business.”

Nick Heys, chief executive of Artex International, highlighted Wood’s expertise, professionalism and long-standing history in the captive and re/insurance fields. “I’m confident that his addition to the team will keep us poised for continued growth and expansion,” he added.