Pauline Margrett is promoted to chief operating officer of the brokers Global Captive Practice

Willis has appointed Pauline Margrett as the chief operating officer for its Global Captive Practice, based in London.

Margrett will report to Tom Coughlin, the Global Captive Practice leader.

Over a 25-year career with Willis, Margrett has worked in client advisory and operational roles in the captive and risk financing arena.

Willis said the appointment underscores the broker’s intention to expand its captive risk management capabilities on a global scale.

Commenting on Margrett’s appointment, Coughlin said, “Pauline has worked in the captive arena for many years and has a great understanding of the business. She has the knowledge and expertise to really drive improvements in operational efficiencies to support the strategic growth plan of the Global Captive Practice. We already have a deep talent pool in the business and it will be Pauline’s job to coordinate these resources and ensure they are channelled towards finding the best risk financing and captive solutions for our clients.”

The Willis Global Captive Practice has operations in Bermuda, Cayman, Ireland, Gibraltar, Guernsey, Hawaii, Isle of Man, Malta, New Zealand, Singapore and Vermont.

The practice is currently the third-largest global captive manager in the industry.