Willis Re has appointed Guy Carpenter’s Franck Pinette as Managing Director of its Europe, Middle East, and Africa (EMEA) Life & Health practice.
Pinette, who was most recently Chief Executive Officer (CEO) of European Life Reinsurance operations at Guy Carpenter, will now lead Willis Re’s development in the rapidly growing life & health market in the EMEA region.
He will report to Tony Melia, CEO of Willis Re International, who commented: “Franck’s experience and proven expertise will significantly enhance the capabilities of our International Life & Health practice, which, led by Greg Solomon in Hong Kong and supported by Nigel Sedgwick in London, works in partnership with our market leading Willis Towers Watson life consulting teams.”
Alkis Tsimaratos, Managing Director, Head of EMEA West/South at Willis Re, added: “We are delighted that Franck has joined Willis Re to lead the EMEA Life & Health practice, which represents one of our most exciting growth areas.
“With the advent of Solvency II and other regulatory frameworks around the world, life insurers are much more conscious of the impact that reinsurance can have on their balance sheets, P&L and wider risk management. As clients increasingly review their reinsurance arrangements Willis Re can provide impartial advice and broader market access.”
Pinette is a qualified Chartered Enterprise Risk Actuary (CERA) whose 30 year career in life reinsurance also includes 11 years as head of Partner Re’s Worldwide Life Reinsurance unit.
He commented on his new appointment: “It’s great to join the Willis Re team and support Willis Towers Watson in becoming a key player in the life reinsurance market.
“By combining broking and advisory capabilities I believe we bring a unique value proposition to the life reinsurance market and can provide credible and innovative reinsurance solutions to our clients.”