Davies, the leading specialist professional services and technology company serving insurance and highly regulated markets, today announces the appointment of James Ferris as CEO of the firm’s Captive Management business. Based in Bermuda, the appointment is effective from 1 July and will see James replace current Captive Management CEO, Nick Frost, who will take on the role of chairman.

James, who brings more than 25 years of experience in the insurance industry to the role, joins from BMS, where he held the role of CEO of capital & risk advisory in Bermuda. Prior to joining BMS, James spent two decades at PwC as lead partner of the PwC advisory team in both Bermuda and the UK. Ferris’ experience brings new capabilities and perspectives to the captive management team, as he takes over responsibility for the business and leading Davies’ global captives team, with clear goals to expand services and capabilities.

Nick Frost has held the role of captive management CEO for 14 years, and will be taking on an ambassadorial role as chairman, further strengthening Davies’ proposition for US captive owners. Under Nick’s leadership, Davies has adapted to new risks and tough market conditions, cementing the firm’s’ reputation as a global leader in captive management and alternative risk solutions.

The new structure further positions Davies’ captive management business to grow into new global domiciles in response to increasing client demand for broader international support.

Steven Crabb, CEO – Insurance Solutions, Davies, said: “James will be an exciting addition to our growing global captive management business and reflects our ambitious growth plans. James’ extensive experience within the industry will contribute to new developments and we look forward to seeing his future contributions. The move of Nick Frost to chairman is a pivotal internal change to consolidate team strengths and maintain the tremendous progress Nick has made over the last 5 years, and we look forward to seeing continued growth in the future.”

Nick Frost added: “My time spent as CEO of captive management has been incredibly rewarding and being able to work with the captive management team has been a privilege.  I look forward to seeing developments in the captive team under James’ leadership.”

James Ferris, added: “I’m delighted to be moving into the role of captive management CEO in such a critical landscape of the reinsurance industry, and I’m looking forward to furthering the capacity of the department Furthermore, I’m honoured to be stepping in after Nick Frost who has curated and developed the team over the past 14 years.”

If you would like to continue the conversation, get in touch with Chief Executive Officer, Steven Crabb at steven.crabb@davies-group.com