Re/insurance broker Willis Towers Watson has announced the formation of a Strategic Solutions Group (SSG) within its within its Financial, Executive and Professional Risks (FINEX) global practice and Mergers & Acquisitions Group.
SSG will provide specialised risk services to distressed organisations, focusing in particular on risk, insurance and claim challenges faced by companies dealing with a bankruptcy or restructuring.
This team will provide access to market insights, placement expertise, data and analytics, and claims advocacy from Willis Towers Watson.
“Developing a task force around distressed organizational risk demonstrates our commitment to companies facing financial hardship,” said Ken Ross, head of FINEX North America, Willis Towers Watson.
“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,” Ross added.
SSG will be led by management liability risk and product specialists Rob Yellen and John Orr.
It will also include London-based specialist Angus Duncan, M&A and transactional expert Julia Papastavridis, M&A and tax expert Sheldon Elefant, London-based M&A expert Alexander Keville, head of FINEX NA claims Brian Weiss, and bankruptcy claims specialist Anthony Rapa.
Jeremy Wall, head of Global FINEX, Willis Towers Watson, also commented: “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.”
