WTW appoints head of Bermuda captive practice

Paul Bailie has been appointed to the position of head of Willis Towers Watson’s Bermuda Captive practice.

The company said that Bailie will be responsible for business development and delivering the company’s value proposition around designing, forming, managing and providing strategic guidance to Bermuda captive and insurance management clients.

A 30-year captive insurance industry veteran Bailie will also collaborate across the company’s global businesses and product lines, including alternative risk financing, Willis Towers Watson securities and risk & analytics services, to deliver innovative risk financing solutions for clients across a range of portfolios. Bailie will report to Paul Owens, managing director, Willis Towers Watson global captive practice.

Prior to joining Willis Towers Watson, Bailie was active in consulting assignments and serving as an independent director on a number of boards. He has also held a variety of leadership roles in the industry, including with JLT Insurance Management in Bermuda.

“Paul brings tremendous expertise and market credibility to this role, and he is well positioned to help us lead our captive business in this important domicile,” said Owens. “As traditional and non-traditional sources of capital influence market dynamics, and new and emerging risks fuel growth in the captive marketplace, Willis Towers Watson is committed to delivering solutions to help organisations succeed in this environment.”