In a year of big promotion announcements, perhaps none was as significant as Thomas-Ferrand taking up his role as global leader of Marsh Captive Solutions, which is why he moves up 11 spots in our Power 50 rankings to No.2. Marsh has for many years been the largest captive manager in the world, managing 1,139 non-cellular and 350 cell captives at year-end 2024. 

Thomas-Ferrand has spent 21 years at Marsh working across its Bermuda, Malta and UK captive offices and now takes overall control of the business managing these captives, many of which are some of the largest and most mature captives out there spread across 58 different captive domiciles. Thomas-Ferrand steps up from leading Marsh’s international captive practice to lead a global team of 617 staff and build on innovative developments last year, such as the launch of the new Bermuda-based group cyber captive Edgware Re, and the ReadyCell facility in DC to make it quicker and easier for firms to establish cell captives. 

Marsh formed 92 new captive entities in 2024, which is down on previous years, but Thomas-Ferrand has already firmly stamped his mark on the company with a leadership reshuffle across all regions this year as he looks to maintain Marsh’s top-spot status.