Press release

EY’s Paul Phillips and Jim Bulkowski named to the Captive Review “Power 50” list for second consecutive year

New York, 16 February 2018

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Paul H. Phillips III, Partner, Ernst & Young LLP (EY), and Jim Bulkowski, Senior Manager, Ernst & Young LLP, have been named to the Captive Review 2017 Power 50” list of the most influential professionals in the global captive insurance industry as surveyed by the magazine. This is the second consecutive year the EY Captive Insurance practice leaders have been named to the annual list.

“This recognition is a great testament to our accomplishments over the last three years, growing our Captive Insurance Services practice in the US and globally to more than 250 people and touching captive insurance in a variety of ways,” said Phillips, who also serves as EY’s Global Captive Network Co-leader. “We have been very active in the market, making a splash at a number of industry conferences and being invited to speak on panels on various technical matters.”

Both Phillips and Bulkowski rose in rankings this year, with Phillips moving up two spots to #9 and Bulkowski rising five positions to #41 from the 2016 rankings. 

The Captive Review “Power 50” list recognizes individuals who have been influential in the captive industry over the past 12 months and who will continue to influence the industry’s direction and progress in the future. More than 6,000 votes were cast in this year’s polling period.

Phillips is a Tax Partner with the EY Financial Services Organization (FSO), focused on US federal income tax matters. He has approximately 25 years of experience serving the captive market as a business tax advisor. He is a co-founder and co-leader of the EY US Captive Insurance Services team.

Bulkowski is with FSO’s Insurance and Actuarial Advisory Services practice. He is based in the firm’s New York office and has over 25 years of experience. Bulkowski focuses on captive and alternative risk financing techniques, property and casualty insurance reviews, including cost reduction, M&A due diligence, and claims. He is also the co-leader of EY’s Captive Services team. Prior to joining EY, Bulkowski held a Senior Vice President position at Aon in their captive services group and was a vice president in the casualty department at Marsh. He holds the CPCU, ARM, ACI, and AIS designations.

The EY Captive Insurance Services practice’s holistic approach encompasses professionals across Risk, Tax, Actuarial, M&A, Transfer Pricing, Tax Controversy, Assurance and IT. The practice’s global connectivity allows it to provide services and drive value for clients in an efficient and effective manner across the world. With the core team’s combined experience in captive services, insurance, and tax exceeding 150 years, the global EY organization has secured its place as a premier service provider to the captive insurance industry worldwide.

The EY organization is a leading provider to the global financial services marketplace

Nearly 51,000 EY financial services professionals around the world provide integrated assurance, tax, transaction and advisory services to our asset management, banking, capital markets and insurance clients. In the Americas, the EY organization is the only public accounting organization with a separate business unit dedicated to the financial services marketplace. Created in 2000, the Americas Financial Services Organization today includes more than 11,000 professionals at member firms in over 50 locations throughout the US, the Caribbean and Latin America.

EY professionals in our financial services practices worldwide align with key global industry groups, including the EY Global Wealth & Asset Management Center, Global Banking & Capital Markets Center, Global Insurance Center and Global Private Equity Center, which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners span many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients.

With a global presence and industry-focused advice, EY financial services professionals provide high-quality assurance, tax, transaction and advisory services, including operations, process improvement, risk and technology, to financial services companies worldwide.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

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This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.