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Marcy Waterfall, CPA, ARM

Senior Vice President


Ms. Waterfall has overall responsibility for one of the three service teams in the Vermont office of Marsh’s Captive Solutions Group. Ms. Waterfall’s duties include:

  • Serves as an advisor to clients on all captive matters
  • Oversees activities of Marsh service teams
  • Conducts a quality review of key work products (e.g., financial statements and regulatory reports)
  • Serves as liaison with the regulators


Marsh’s Captive Solutions Group Since 1994. Ms. Waterfall has special expertise in:

  • Captive Insurance Company Formations, Consulting, and Management
  • Client Relationship Management
  • Large Accounts Business
  • Pure Captive and Group Captive Experience
  • Project Management


  • B.S. Degree from the University of California at Berkeley
  • Associate in Risk Management (ARM)
  • Certified Public Accountant (CPA)
  • Member of the American Institute of Certified Public Accountants (AICPA)
  • Member of the Vermont Society of Certified Public Accountants