Willis Towers Watson announced the formation of a new Crisis Management unit with the merger of Special Contingency Risks (SCR) and the Terror and Political Violence teams, which will sit within its Financial Solutions Global Line of Business.
Led by Jo Holliday, managing director of SCR, the new unit works globally and is dedicated to delivering crisis management and contingency risk management to a wide number of multinational clients.
The Crisis Management segment covers the following areas: special crime (kidnap & ransom, extortion, hijack, maritime piracy, political evacuation), terrorism, political violence, accident & health (including personal accident, business travel, contingency, sports & entertainment) and active assailant. These propositions continue to be supported by the Risk Advisory and Crisis Support services of the Alert:24 team, SCR’s in-house security risk consultancy and crisis management practice.
“Crisis Management and security risk is recognized as an area of concern to many of our clients at board level. Increasingly our clients see geopolitical risks as a macro trend and this was borne out by a recent survey where over 50% of our clients cited security issues and business travel as key risk factors,” commented Alastair Swift, head of Global Lines of Business, Risk & Broking.
“By establishing a new Crisis Management business segment, we will be able to provide a specialist global proposition which crosses all industry sectors and geographies,” said Christophe Meurier, head of Financial Solutions Global Line of Business. “The new combined team will provide a highly specialized and innovative proposition which enables us to broaden our client demographic and accelerate our growth strategy in this area.”
Source: Willis Towers Watson
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