Willis Towers Watson announced it has reinforced its existing facultative reinsurance business in France by strengthening and growing its Paris-based team.
The global advisory, broking, and solutions company has strengthened its proposition by creating an independent and dedicated team of three specialists, which is operating under the Gras Savoye Facultative brand, as part of Willis Towers Watson’s Global Fac business.
Leading this fac division is Amélie des Monstiers whose “deep relationships with the market will help engagement with insurance carriers on all business emanating out of Gras Savoye Willis Towers Watson France,” said Willis Towers Watson in a statement.
The investment plays a key part in Willis Towers Watson’s overall strategy for its Global Fac business, headed by Toby Wemyss, the company added.
WTW said the enhanced hub in France will complement the company’s other European fac operations in Madrid, Stockholm, and the team recently established in Munich. Like those operations, the French team will be aligned to Ghassan Mansour, WTW’s regional head of Facultative Reinsurance for Western Europe.
“The French team is a great boost to our regional talent pool as we look to strengthen and sharpen our fac proposition across Western Europe and align with our Global Fac hub based in London,” said Mansour. “The team will continue to focus on the growing appetite for developing better reinsurance solutions for all our carrier partnerships by capitalizing on their significant experience, and Willis Towers Watson’s exceptional analytical capabilities.”
Jean Rondard, co-head of Corporate Risk & Broking for France, Gras Savoye Willis Towers Watson France, added: “We recognize the importance of our carriers in a challenging and evolving marketplace, so we are responding by creating a highly experienced and specialized independent fac team in France to serve our local carriers and to provide solutions to their specific needs and strategic objectives.”
Source: Willis Towers Watson
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