Davies Appoints James Ferris as CEO of Global Captive Management Business
In a significant move within the insurance industry, Davies has announced the appointment of James Ferris as the new CEO of its global captive management business. Effective July 1, 2025, Ferris will assume leadership responsibilities from Nick Frost, who has served as CEO of the captive unit for an impressive 14 years. This strategic transition marks an exciting new chapter for Davies as they continue to expand their international presence and enhance their captive management services.
A Wealth of Experience
James Ferris brings a wealth of experience to his new role, with over 25 years in the insurance industry. Most recently, he served as the CEO of capital and risk advisory at BMS in Bermuda, where he demonstrated his expertise in navigating complex risk management challenges. Prior to his tenure at BMS, Ferris spent more than two decades at PwC, leading the advisory team in Bermuda. His extensive knowledge and proven track record make him an ideal candidate to steer Davies’ captive management business towards future success.
Expanding Services and Capabilities
As the newly appointed CEO, Ferris will be based in Bermuda and will oversee Davies’ global captives team. His primary focus will be on expanding the company’s services and capabilities to meet the growing international demand for captive management solutions. With the evolving reinsurance landscape and the increasing complexity of risk management, Ferris’s leadership will be instrumental in strengthening Davies’ presence across multiple domiciles.
Steven Crabb, CEO of Insurance Solutions at Davies, emphasized the significance of Ferris’s appointment, stating that it reflects the company’s ambitious growth plans and their commitment to bringing new developments to the captive management business. With Ferris at the helm, Davies is poised to enhance its offerings and provide innovative solutions to its clients worldwide.
A Seamless Transition
As James Ferris takes on the role of CEO, Nick Frost will transition to an ambassadorial position as chairman. Frost’s 14-year tenure as CEO has been marked by significant achievements and growth for Davies’ captive management business. In his new role, Frost will continue to support Davies’ US captive clients and contribute to the company’s international growth strategy. This seamless transition ensures continuity and stability for Davies’ clients while allowing for fresh perspectives and ideas under Ferris’s leadership.
Embracing the Evolving Reinsurance Landscape
Ferris expressed his enthusiasm about leading Davies through the evolving reinsurance landscape, recognizing the strong foundation that has been developed under Frost’s guidance. With his extensive experience and deep understanding of the industry, Ferris is well-equipped to navigate the challenges and opportunities that lie ahead.
The appointment of James Ferris as CEO aligns with Davies’ strategic shift towards expanding its global captive offering and supporting a broader range of domiciles. As client demand continues to rise, Davies is proactively adapting to meet the changing needs of the market. Ferris’s leadership will be crucial in driving innovation, fostering client relationships, and positioning Davies as a leading provider of captive management services on a global scale.
Looking Ahead
As the insurance industry continues to evolve, captive management has become an increasingly important tool for businesses seeking to optimize their risk management strategies. With James Ferris at the forefront, Davies is well-positioned to capitalize on the growing demand for captive solutions and deliver exceptional value to its clients.
The appointment of James Ferris as CEO of Davies’ global captive management business marks an exciting new chapter for the company. With his extensive experience, strategic vision, and commitment to excellence, Ferris is poised to lead Davies towards continued success and growth in the years to come. As the industry watches this transition closely, it is clear that Davies remains dedicated to providing innovative and reliable captive management services to its clients worldwide.
#CaptiveManagement #InsuranceLeadership #RiskManagement
-> Original article and inspiration provided by Best American Insurance
-> Connect with one of our Best American Insurance Agents today at Best American Insurance
