William Wood has joined Artex as director, captive and commercial for its Bermudian operations.

As part of the office’s senior management team, he is responsible for leading the Bermuda captive and commercial (re)insurance management operations.

He will also be responsible for related financial, regulatory and administrative work, as well as new business development.

Mr Wood has more than 25 years of experience in the Bermuda (re)insurance market and extensive financial management and analytical expertise.

Scott Cobon, managing director, Bermuda, Artex, said: “We are thrilled to have William join our team. It is an exciting time for Artex. Due to our acquisition of Horseshoe last year, our presence on the island has grown. We created this new role to better manage our captive and commercial business and William is a great fit.”

Nick Heys, chief executive officer of Artex International, said: “William’s expertise, professionalism and longstanding history within the captive and (re)insurance fields are well-known on the island. I’m confident that his addition to the team will keep us poised for continued growth and expansion.”

Mr Wood most recently served as president and CEO of CT Insurance Management (Bermuda) Ltd, part of Charles Taylor, where he oversaw the delivery of management and consulting services to the company’s insurance, reinsurance, captive and segregated cell clients.

He began his career as an accountant in London, before moving to Bermuda and focusing on the captive management field. He has also served as treasurer and controller at Nissan Global Reinsurance Ltd, vice-president, corporate development, for XL Capital Ltd, and vice-president for Centre Solutions (Bermuda) Ltd.