Willis Re, the reinsurance arm of global insurance brokerage Willis Towers Watson (WTW), has announced the appointment of Simon Buxton as Managing Director of its International Customised Reinsurance practice, based in London.
Willis Re’s International Customised Reinsurance practice has a focus on non-traditional reinsurance, and in his new role, Buxton will be tasked with leading the reinsurance broker’s development in the expanding customised reinsurance space across the international region.
Buxton is a fellow of the Institute of Actuaries UK and brings two decades of experience in reinsurance, which includes roles as Head of Structured Reinsurance at both XL Financial Solutions and Allianz Risk Transfer, and Global Head of Treaty and Facultative at Allianz Global Corporate and Specialty.
He will report to the Chief Executive Officer (CEO) of Willis Re International, Tony Melia, who commented: “The search for optimal, customised reinsurance solutions to secure capital and earnings resilience, often across both assets and liabilities, is increasingly at the top of our clients’ strategic agendas.
“I have always admired Simon’s skills and professionalism, and I’m confident that his experience and proven expertise in the often complex alternative risk transfer field will significantly enhance the capabilities of our Customised Reinsurance practice.
“Working in close conjunction with James Mounty, who leads the wider global practice, and in partnership with our market leading Willis Towers Watson consulting teams, Simon will concentrate on providing structured solutions across all our geographic regions in all non-life and life classes of business.”
Buxton added: “Having experienced both the buy and sell sides of customised reinsurance, I have seen how vital it is to have a trusted and expert advisor such as Willis Re supporting both sides in the journey of optimising the reinsurance structure.
“I look forward to offering my experience and support to the Willis Re international team and their clients, and helping Willis Towers Watson cement its position as a key player in the customised reinsurance space. By combining broker and advisory capabilities, I believe we bring a strong value proposition to our clients – providing credible and innovative reinsurance solutions.”