Sunday, April 21, 2024

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NFP RISC hires Wescott as director of US captive management operations

Amanda Wescott has joined NFP’s Risk and Insurance Strategy Collective (RISC) as vice president, director of US captive management operations.

In her new role, Wescott will assist with the growth and advancement of risk management solutions for new and existing clients, while leading a team of captive insurance professionals. She will report to Jonathan McKenzie, head of US captive management operations

Wescott will collaborate with Kara Tencellent and Tracy Stopford, co-leaders of RISC, along with Jonathan McKenzie, to advance operational and business development initiatives.

“I feel very fortunate to bring my industry experience and knowledge to this extremely talented and dynamic team,” said Wescott.

“With an impressive foundation and shared vision for growing the captive practice, we will further differentiate the value we offer to clients, colleagues and industry service professionals we work with closely.”

RISC is a specialty practice that provides a range of captive management solutions.

Wescott joins RISC with more than 15 years of captive and risk management experience.

She recently served as vice president and senior client team leader at Marsh in Vermont, where she coordinated the efforts of client services teams, helped guide clients’ captive programmes and worked with them through the captive formation process.

Wescott is an active member of many trade associations and will continue to serve on various committees within the captive industry.

“Adding an industry veteran like Amanda will help us build on our momentum in the alternative risk solutions space,” said Stopford.

“The breadth of her experience, depth of captive market knowledge and extensive industry relationships will help drive growth and enhance our ability to help clients identify and understand creative and innovative alternative risk solutions that align with their needs.”