Willis Re has fashioned a International Life Reinsurance Follow aimed toward offering unbiased advisory and broking companies to life insurers, reinsurers, and pension and annuity suppliers worldwide.
The transfer follows the appointment of Christian Howells as head of life reinsurance.
The dealer stated the brand new follow will reply to rising demand for extra superior threat switch, capital administration and steadiness sheet optimisation assist in a tougher market surroundings.
Developed in collaboration with Willis Towers Watson’s (WTW) insurance coverage consulting and know-how division, the follow will use consulting and analytical sources throughout mortality, morbidity, longevity and pension threat switch.
Its remit contains analytics, funded and capital-motivated transactions, in-force threat administration, portfolio structuring, pricing assist, strategic threat switch recommendation, and conventional and structured reinsurance.
Howells joined Willis Re from Macquarie Asset Administration, the place he served as head of worldwide insurance coverage options.
Earlier than that, he spent greater than 16 years at Schroders in senior roles targeted on world insurance coverage shoppers and insurance coverage options initiatives in Asia-Pacific.
Willis Re stated the brand new unit broadens its place within the worldwide reinsurance market.
Howells commented: “Life insurers are working in a market outlined by capital pressures, regulatory change, longevity threat and accelerating product innovation.
“The brand new life follow is designed to assist shoppers past the transaction itself, bringing collectively market perception, analytical rigour and strategic recommendation to assist shoppers capitalise on market alternatives and strengthen their total enterprise efficiency.
“As corporations search for modern methods to handle threat, unlock capital and adapt to a altering market, our function as a trusted and technically differentiated reinsurance dealer is vital.”
The London-headquartered dealer was established in 2024 as a three way partnership (JV) between Bain Capital Insurance coverage and WTW.
Individually, Willis, one other WTW enterprise, has partnered with embedded insurance coverage infrastructure supplier Kayna and building workforce platform Kwant to launch KwantSure, a digital insurance coverage programme built-in into Kwant’s workforce administration platform.
It’s meant to assist subcontractors acquire insurance coverage cowl wanted for challenge compliance by means of the identical system utilized by common contractors for workforce operations and certificates of insurance coverage monitoring.
“Willis Re launches world life reinsurance follow” was initially created and revealed by Life Insurance coverage Worldwide, a GlobalData owned model.
