HONG KONG, April 7, 2014 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the global risk advisor, insurance and reinsurance broker, has announced the recruitment of Greg Solomon to the International division of its reinsurance business, Willis Re.
Solomon has been appointed Regional Director, Head of Life & Health in Asia-Pacific, Middle East, Turkey and Africa (APMETA). He will be based in Hong Kong and will begin leading the APMETA Life & Health team as of May 1 2014.
Prior to joining Willis Re, Solomon spent 21 years with Swiss Re in various roles in different countries, previously running its global reinsurance capital management team out of London, and most recently as Head of Life & Health Clients in Hong Kong, Taiwan & South East Asia. This experience will enable him to drive Willis Re's market share in the expanding APMETA Life & Health market where there is a growing acknowledgment of the value that brokers can bring to clients.
Commenting on his appointment, Solomon said: "Growth in the Life & Health reinsurance market is driven by an increasing desire by life insurers to enhance their product offering and to improve their risk management, so as a result they have a need to find the most appropriate reinsurance solutions available to support this. The Life & Health market represents a sector where an appropriately resourced and qualified intermediary can add significant value in the quantification of risk along with the design and placement of appropriate solutions."
Maurice Williams, Managing Director of Willis Re APMETA, said: "We are delighted to have someone of Greg's calibre join our Life & Health team and are excited about the opportunities to work with existing and new clients across the APMETA region. This area of our business represents a significant opportunity for enhancing the overall reinsurance product offering and Greg's deep industry experience will play a key role in enabling us to deliver that extra value to clients."
About Willis Re
One of the world's leading reinsurance brokers, Willis Re is known for its world-class Analytics capabilities, which it combines with its Reinsurance expertise in a seamless, integrated offering that can help clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. For more information, visit www.willisre.com.
Willis Group Holdings plc is a leading global risk advisor, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 18,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world's leading authorities on analytics, modeling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website,www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.