ARLINGTON, Va., June 01, 2016 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ:WLTW), a leading global advisory, broking and solutions company, has announced it has received confirmation from the Swiss Financial Market Supervisory Authority to begin offering insurance management services under the terms of the local insurance intermediaries registration in Switzerland.
The move is part of Willis Towers Watson’s strategy to offer multinational corporations across Australasia, Europe, Latin America and North America an effective option for placing risk in a highly respected captive insurance domicile. The registration builds on Willis Towers Watson’s established global captive management platform and adds to its European presence of Gibraltar, Ireland, Luxembourg and Malta.
Nigel Goodlad, regional managing director of Europe, Willis Towers Watson Global Captive practice commented, “Switzerland offers many attractive benefits to the discerning corporate client, including its Solvency II equivalence, high-quality regulation with specific captive reinsurer registration, established double tax treaties around the globe and multilingual capabilities.”
“In the current environment, the solid reputation of a domicile is starting to carry more favor in the decision-making process. Switzerland is well positioned to offer clients an attractive place to be. We are thrilled to add Switzerland to the list of domiciles where we can provide captive management services,” he added.
About Willis Towers Watson
Willis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com
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Source:Willis Towers Watson Public Limited Company