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Mercer hires former PwC co-lead to its Risk Transfer team

19th May 2022 - Author: Jack Willard

Mercer, the global consulting subsidiary of broking and advisory giant Marsh McLennan, has announced the appointment of Nikhil Patel as a Senior Principal in the company’s Risk Transfer team.

In this new role, Patel will advise clients on how to effectively manage their pension risk, either through bulk annuity, longevity swap, member option exercises, or other alternatives.

Based in London, Patel will report to Andrew Ward – Partner and Risk Transfer and DB Journey Planning Leader.

Patel joins from multinational professional services firm, PwC, where he co-led the Pension Risk Transfer team, advising trustee and corporate clients on buy-in, buy-out and longevity swap transactions as well as end game journey planning.

During recent years, he has worked on, as well as led, several landmark projects including full scheme buy-outs and buy-ins ranging in size from less than £10 million to over £4 billion.

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Addressing Patel’s appointment, Ward, said: “Nikhil is a great addition to Mercer’s risk transfer offering and he joins at an exciting time for our business. Nikhil’s experience advising trustees and sponsors on pensions strategy as well as pension risk transfer boosts Mercer’s capabilities in this growth area of the market.

“With improving funding levels, regulatory change and a greater range of solutions available to secure liabilities almost all defined benefit schemes are considering their end games and will require experienced advisors to assess the range of solutions available. As a firm, we are agnostic on the solution used as long as it is right for our client, and we are determined to be the leading adviser to support trustees and sponsoring employers through this.”

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