Willis Towers Watson announced the appointment of Augusto Hidalgo as head of Capital, Science and Policy (CSP) in Southeast Asia.
Based in Manila, Philippines, Hidalgo brings a wealth of knowledge, experience and expertise in developing public-private partnership solutions to climate and disaster risk in finance and insurance, particularly in climate vulnerable developing economies, said WTW in a statement.
In this new role, Hidalgo will lead key initiatives with stakeholders including development banks, UN agencies, governments, regulators and other public and private sector institutions in the areas of climate and environmental resilience. Together with the global Capital, Science & Policy team at WTW, he will drive public-private partnerships to further the strategic objectives of WTW across Southeast Asia.
“The addition of Augusto to our team is timely as we see climate risk rising to the top of the commercial and public policy agenda around the world. Corporates are increasingly including climate risk in their business planning, and if managed correctly, this presents an opportunity to create a commercial advantage for their business,” said Rowan Douglas, CEO and global head of CSP, at Willis Towers Watson.
“However, climate risk does pose a significant threat to business continuity if organizations do nothing,” he added. “Markets, public policymakers, partners/collaborators and competitors are all adjusting, at varying paces, to the climate realities as data, metrics/methodologies, and regulatory regimes take shape.”
Before joining WTW, Hidalgo was CEO of the National Reinsurance Corporation of the Philippines (Nat Re). During his five years at Nat Re, he built specialist expertise to support emerging market governments, facilitating collaboration with the Asian Development Bank, World Bank and other multi-lateral development agencies.
He also targeted climate and disaster risk resilience through national and regional programs. Hidalgo has been in the insurance industry since the 1990s, and has a strong background in corporate finance. Prior to Nat Re, he was the head of M&A at Peak Re in Hong Kong.
In addition, Hidalgo has master of business administration degree from Northwestern University’s Kellogg School of Management & York University’s Schulich School of Business and an undergraduate degree in B.S. Business Administration from the University of the Philippines.
Source: Willis Towers Watson
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