Peter Mullen and David Gibbons have been named among the 25 most influential captive figures in the industry over the past quarter century by Captive Review.

The publication compiled the list to mark its 25th birthday.

Bermudian-based Mr Mullen is the CEO of Artex Risk Solutions, while Mr Gibbons is PwC Bermuda’s Captive Insurance Leader.

Captive Review said: “We wanted to recognise those [captive leaders] that have been the most influential of all, not only contributing to our magazine and events over the years, but also guiding the industry forward. And that’s why we created our 25 at 25 honour roll.”

It added: “With the help of thousands of responses to this year’s Power 50 poll, we compiled a long list of potential entries. The difficult task of whittling down the list to 25 was then done on advisement from several of the industry’s most experienced heads to arrive at our Top 25 most influential figures of the last 25 years.”

About Mr Mullen, Captive Review said: “Peter Mullen is one of the industry’s best-known captive leaders, having led two of the largest captive operations in the world.

“Starting his insurance career over 30 years ago, it was during his stint in Gallagher’s Bermuda office where he first made his mark helping to found Artex in 1997.

“He went on to leave to become global CEO of Aon Captive and Insurance Management in 2011, before returning to Artex in 2019 to assume the role of CEO. In dictating how two of the largest captive managers are run, few can match the influence he has had during Captive Review’s lifetime.”

Mr Mullen said: “Delighted to be recognised amongst this amazing group of peers. The captive industry is extremely collegial, so I’m happy to say that many of my peers are also friends. What a great group of people to be associated with.”

About Mr Gibbons, Captive Review said: “A consistent feature in the Captive Review Power 50, David Gibbons has been one of the most visible faces of the Bermuda captive industry throughout the history of Captive Review.

“A partner with PwC Bermuda since 2005, today he heads the firm’s dedicated captive insurance group, leading his team’s delivery of services to more than 200 captives in Bermuda.

“Over the years, he has been one of the biggest international proponents of Bermuda as a captive domicile, developing PwC Bermuda’s annual captive update seminars, and frequently serving as a speaker, panellist and attendee at international industry conferences.”

Mr Gibbons said: “It’s an honour to be included in Captive Review’s recognition of those who have most shaped the global captive insurance industry.

“I congratulate all the remarkable industry leaders on this list, who have contributed to the collective success of the captive industry — and the growth of Bermuda into the world's largest captive domicile.

“Naturally, I share this award with the many PwC professionals who work tirelessly to help our clients create sustainable solutions to their important issues.”

Six others on the Captive Review Top 25 list have a connection with the captive industry on island.

Ellen Charnley is the president of Captive Solutions at Marsh. She worked in Bermuda from 1996 until 2003 at Mutual Risk Management and Charles Taylor Captive Management.

Malcolm Cutts-Watson is the founder and executive chairman of Cutts-Watson Consulting Ltd. He worked as an account manager in Bermuda from 1982 until 1989 for Johnson & Higgins.

John English is chief executive of Aon Captive and Insurance Management. He is the former chairman and CEO of Bermuda market broking operations for Jardine Lloyd Thompson.

Nancy Gray is regional managing director, Americas, at Aon, a remit that includes Bermuda, the United States, the Cayman Islands, Barbados and Vancouver.

George McGhie runs McGhie Consulting, providing strategic advice to Artex Risk Solutions and its clients in the Asia-Pacific. From 1987 until 1992, he was a consultant in Bermuda.

Brady Young is the CEO and majority owner of Strategic Risk Solutions, which has operations on the island.