Davies, a specialist professional services and technology company, has announced the appointment of James Ferris as CEO of its Captive Management business, effective 1st July 2025.
Based in Bermuda, Ferris succeeds Nick Frost, who will assume the role of Chairman after serving as Captive Management CEO for 14 years.
Ferris brings more than 25 years of insurance industry experience. He joins Davies from BMS, where he was CEO of Capital & Risk Advisory in Bermuda, working with a global team to deliver capital solutions to re/insurance clients.
Prior to that, Ferris spent over two decades at PwC, serving as lead Partner of the advisory team in Bermuda.
Earlier in his career, Ferris held various roles at Principle Insurance Holdings Limited, including managing the finance function, implementing IT solutions, supporting the development of the Takaful offering, participating in Board meetings, and assisting with the FSA application process.
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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 bring 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.”
Frost commented, “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.”
Ferris added, “I’m delighted to be moving into the role in such a critical landscape of the reinsurance industry, and I’m looking forward to broadening the Davies offering to the market, building on the core strengths in the team. Furthermore, I’m honoured to be stepping in after Nick Frost who has curated and developed the team over the past 14 years.”
This new leadership structure further positions Davies’ captive management business to expand into new global domiciles, responding to growing client demand for broader international support.
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