Willis Re launches global life reinsurance practice

Willis Re has formed a Global Life Reinsurance Practice aimed astatine providing autarkic advisory and broking services to beingness insurers, reinsurers, and pension and annuity providers worldwide.

The determination follows the assignment of Christian Howells arsenic caput of beingness reinsurance.

The broker said the caller signifier volition respond to rising request for much precocious hazard transfer, superior absorption and equilibrium expanse optimisation enactment successful a much challenging marketplace environment.

Developed successful collaboration with Willis Towers Watson's (WTW) security consulting and exertion division, the signifier volition usage consulting and analytical resources crossed mortality, morbidity, longevity and pension hazard transfer.

Its remit includes analytics, funded and capital-motivated transactions, in-force hazard management, portfolio structuring, pricing support, strategical hazard transportation advice, and accepted and structured reinsurance.

Howells joined Willis Re from Macquarie Asset Management, wherever helium served arsenic caput of planetary security solutions.

Before that, helium spent much than 16 years astatine Schroders successful elder roles focused connected planetary security clients and security solutions initiatives successful Asia-Pacific.

Willis Re said the caller portion broadens its presumption successful the planetary reinsurance market.

Howells commented: "Life insurers are operating successful a marketplace defined by superior pressures, regulatory change, longevity hazard and accelerating merchandise innovation.

"The caller beingness signifier is designed to enactment clients beyond the transaction itself, bringing unneurotic marketplace insight, analytical rigour and strategical proposal to assistance clients capitalise connected marketplace opportunities and fortify their wide concern performance.

"As companies look for innovative ways to negociate risk, unlock superior and accommodate to a changing market, our relation arsenic a trusted and technically differentiated reinsurance broker is key."

The London-headquartered broker was established successful 2024 arsenic a associated task (JV) betwixt Bain Capital Insurance and WTW.

Separately, Willis, different WTW business, has partnered with embedded security infrastructure supplier Kayna and operation workforce level Kwant to motorboat KwantSure, a integer security programme integrated into Kwant's workforce absorption platform.

It is intended to assistance subcontractors get security screen needed for task compliance done the aforesaid strategy utilized by wide contractors for workforce operations and certificate of security tracking.

"Willis Re launches planetary beingness reinsurance practice" was primitively created and published by Life Insurance International, a GlobalData owned brand.