Willis Towers Watson has created a specialised team to offer risk services to offer risk services for organisations facing risk, very high market volatility and unforeseen financial challenges.
The Strategic Solutions Group (SSG) has been established within the company’s Financial, Executive and Professional Risks (FINEX) global practice and Mergers & Acquisitions Group (M&A Group).
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The newly created specialist team will deliver global expertise to companies that are facing risk, insurance, and claim challenges before, during, or following a bankruptcy or restructuring.
It will act as a link to the market insights, data and analytics, placement expertise, and claims advocacy, Willis Towers Watson said.
Willis Towers Watson FINEX North America head Ken Ross said: “Developing a task force around distressed organizational risk demonstrates our commitment to companies facing financial hardship.
“Corporate restructuring entails unique risks and exposures to organizations and their directors and officers. Addressing those exposures requires a breadth and depth of expertise that we bring through the professionals on this newly formed team.”
The newly created group will be led by Rob Yellen and John Orr. It will include London-based specialist Angus Duncan, M&A and transactional expert Julia Papastavridis, M&A and tax expert Sheldon Elefant, M&A expert Alexander Keville, bankruptcy claims specialist Anthony Rapa, and head of FINEX NA claims Brian Weiss.
Willis Towers Watson global FINEX head Jeremy Wall said: “By forming this team of specialists.
“We have responded to today’s unprecedented market conditions and compelling client needs by delivering unparalleled technical excellence combined with all that a global placement team can offer.”
Recently, Willis Towers Watson reached a deal to be acquired by Aon in an all-stock deal valued about $30bn.
