Willis has expanded its global captive practice with the establishment of a Swedish-based captive advice and management operation, Willis Management (Stockholm) AB.
The broker said that with an ever increasing number of companies looking to captives as an alternative to the volatility of the traditional insurance market, the need for sophisticated planning, strategy and in-depth actuarial services was of paramount importance.
Martin Atterby, managing director of the new operation, said: “Public and private sector clients are becoming increasingly sophisticated in their captive needs and are seeking advice on risk retention strategies and captive vehicle utilisation. With the launch of Willis Management (Stockholm) AB our clients will have one-stop access to world-class actuarial and financial modeling expertise as well as captive consulting and management services.”
The new division will be able to advise Scandinavian clients with captives in Sweden or abroad, but will also cater to the needs of Swedish captives held by foreign owners, Willis said.
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