Willis Re, the reinsurance advisor and part of Willis Group Holdings, announced that it has merged its teams handling Continental European and UK-based property and casualty business into an expanded European unit and is establishing a new Specialty Casualty Practice Group.
The creation of Willis Re Europe “brings together the reinsurance broker’s UK and Continental Europe business under Willis Re International & Specialty, capitalizing on synergies of expertise and knowledge across a deep talent pool of highly-skilled individuals to deliver the increasingly complex client array of services that Willis Re brings to its pan-European clients,” said the bulletin.
Willis has appointed London-based Managing Director Tony Melia as the head of the unified European team. Colin Kiddie will take on overall leadership of Willis Re’s Specialty business, which comprises its Non-Marine, Marine and Aviation operations.
CEO of Willis Re International, Jason Howard, commented: “With the advent of Solvency II, EU insurers and reinsurers are looking for enlightened advice from their brokers to help them navigate new capital adequacy requirements. Our unified approach to the European trading environment will enable Willis Re’s clients to grow and prosper through this challenging time.”
Willis Re has also created a Specialty Casualty Practice Group that will operate on a global basis. It is led by David Thomas, who has also been appointed to run an all UK- based North American operations.
“This new group brings together a number of classes of reinsurance business that demand unique expertise, including: Professional Indemnity (excluding Healthcare), Directors & Officers, Public Entity, and Environmental Liability,” Willis explained.
Peter Hearn, CEO of Willis Re, pointed out that “Specialty Casualty exposures are increasingly global and interconnected. We are leveraging the collaborative strength of Willis Re to form an international team that will help our clients to grow their business by drawing on detailed product knowledge, advanced risk transfer capabilities, and sophisticated financial and analytical skills.”
Source: Willis Re