Willis Towers Watson is making changes to its insurance linked securities (ILS) business. The ILS business, which was previously part of the its securities business unit, will be integrated into Willis Re.
William Dubinsky will continue to lead the ILS team, reporting to Willis Re Deputy Chairman Mark Hvidsten.
Rafal Walkiewicz, CEO, Willis Towers Watson Securities, explained the move: “The insurance industry is changing faster than ever and capital markets are becoming an integral part of the industry risk transfer mechanism. Our clients no longer decide between traditional reinsurance and third party capital, but expect an integrated solution that serves their long term needs. Capital markets professionals working hand in hand with reinsurance brokers are best positioned to offer strategic advice and continue to develop cutting edge products for our clients.”
Topics Reinsurance
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