Willis Appoints Marc Paasch Global Head of Alternative Risk Transfer
March 23 2015 - 6:44AM
Willis Group Holdings plc (NYSE:WSH), the global risk adviser,
insurance and reinsurance broker, today strengthened and expanded
its alternative risk transfer (ART) expertise by appointing Marc
Paasch as the Global Head of ART Solutions.
ART solutions enable businesses to transfer traditionally
uninsurable risks to a third-party balance sheet. The expertise
Paasch brings will further bolster Willis's ability to deliver
these highly customised risk solutions.
Commenting on his appointment, Paasch said: "Businesses today
are considering more tailored and sophisticated risk transfer
solutions. By focusing on the critical strategic risks facing an
enterprise, alternative risk transfer solutions can provide
businesses with innovative risk transfer options."
Paasch will report to John Merkovsky, Willis's Global Head of
Risk & Analytics who added: "The addition of Marc to our Risk
& Analytics team will enable Willis to leverage the risk
insights gained through our cutting-edge analytics to deliver
alternative techniques to hedge and transfer risk."
Marc joins from Marsh where he was Managing Director, Head of
Analytics and co-Head of Risk Consulting in Europe as well as a
member of the Marsh France Executive Committee. Before that, he
held senior management positions in the financial services sector
in Paris and New York, including at Allianz and Société
Générale.
About Willis
Willis Group Holdings plc is a leading global risk adviser,
insurance and reinsurance broker. With roots dating to 1828, Willis
operates today on every continent with more than 18,000 employees
in over 400 offices. Willis offers its clients superior expertise,
teamwork, innovation and market-leading products and professional
services in risk management and transfer. Our experts rank among
the world's leading authorities on analytics, modelling and
mitigation strategies at the intersection of global commerce and
extreme events. Find more information at our website,
www.willis.com, our leadership journal, Resilience, or our
up-to-the-minute blog on breaking news, WillisWire. Across
geographies, industries and specialisms, Willis provides its local
and multinational clients with resilience for a risky world.
CONTACT: Media:
Florrie Critchley
+44 20 3124 8603
Email: florrie.critchley@willis.com
Investors:
Peter Poillon
+1 212 915 8084
Email: Peter.Poillon@willis.com