Solvency II prompts Willis Re European merger
Willis Re has merged the teams that handle its Continental European and UK-based property and casualty business into an expanded European unit.
The creation of Willis Re Europe brings the business under Willis Re International & Specialty, in a move that will capitalise on synergies of expertise and knowledge.
London-based managing director, Tony Melia, has been appointed head of the unified European team and Colin Kiddie will take on overall leadership of Willis Re’s Specialty business, which comprises its non-marine, marine and aviation capabilities.
Commenting on the merger, European chief executive officer Willis Re International & Specialty, Jason Howard, says: “With the advent of Solvency II, EU insurers and reinsurers are looking for enlightened advice from their brokers to help them navigate new capital adequacy requirements.”
He adds: “Our unified approach to the European trading environment will enable Willis Re’s clients to grow and prosper through this challenging time.”
Willis Re has also created a Specialty Casualty Practice Group that will operate on a global basis.
Led by David Thomas, who has also been appointed to run all UK-based North American operations, the new unit brings together a number of classes of reinsurance business including: Professional Indemnity (excluding Healthcare), Directors & Officers, Public Entity, and Environmental Liability.
Category: Employment News, Insurance News, Willis News
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