Insurance broker and risk advisor Marsh, has made three new leadership appointments within Marsh Captive Solutions.
Lorraine Stack, is succeeding Brian McDonagh – who is retiring from Marsh after 27 years of service – as leader of Marsh Captive Solutions’ Ireland operations. This is an additional role to her current position as International Consulting and Sales Leader.
Stack has over 25 years of insurance experience having served in various roles of increasing responsibility at Marsh Captive Solutions.
In her new role, which is pending regulatory approval, Stack will be responsible for leading a team of specialists managing single parent captives and special purpose vehicles domiciled in Dublin, in addition to leading the international consulting and business development team.
Based in Dublin, she will be reporting to Ellen Charnley, President of Marsh Captive Solutions.
Marsh’s current Captive Solutions Asia Pacific Leader, Stuart Herbert, will assume the new role of International Captive Consulting Practice Leader. He will head a team responsible for captive feasibility studies and strategic reviews for prospective and current captive owners
Herbert will be reporting to Stack and is relocating to the UK from Singapore.
He has held a variety of roles within Marsh Captive Solutions since joining the organisation in 1998. He is succeeding Stephen Hawkes, who is retiring after 29 years with the company and
Nisala Weerasooriya will succeed Herbert as Leader of Marsh Captive Solutions’ Asia Pacific operations, which include oversite of captive offices in Singapore, Australia, and Labuan in Malaysia.
Weerasooriya has three decades of experience in various client service roles at Marsh and is currently serving as head of Marsh Captive Solutions’ New York operations. He will be relocating to Singapore and will report to William Thomas-Ferrand, Leader, Marsh Captive Solutions, International.
Commenting on the appointments, Charnley, President of Marsh Captive Solutions said: “Throughout their careers, Lorraine, Stuart, and Nisala have demonstrated exemplary leadership and unwavering dedication in supporting our captive insurance clients. In this time of unprecedented captive growth, their considerable experience will be invaluable as we seek to provide enhanced services and resources to our clients.”