Global re/insurance brokerage Willis Towers Watson has announced the appointment Augusto Hidalgo as Head of the Capital, Science and Policy (CSP) in South East Asia.
He joins from the National Reinsurance Corporation of the Philippines, where he served for five years as Chief Executive Officer.
During his time there Hidalgo built specialist expertise to support emerging market governments, facilitating collaboration with the Asian Development Bank, World Bank and other multi-lateral development agencies.
Based in Manila, Philippines, Hidalgo will lead key initiatives with stakeholders including development banks, UN agencies, governments, regulators and other public and private sector institutions in the areas of climate and environmental resilience.
It’s hoped that together with the global Capital, Science & Policy team at WTW Hidalgo will drive public-private partnerships to further the strategic objectives of WTW across Southeast Asia.
“The addition of Augusto to our team is timely as we see climate risk rising to the top of the commercial and public policy agenda around the world,” said Rowan Douglas, CEO and Global Head of CSP, at Willis Towers Watson.
“Corporates are increasingly including climate risk in their business planning, and if managed correctly, this presents an opportunity to create a commercial advantage for their business. However, climate risk does pose a significant threat to business continuity if organisations do nothing.”
“Markets, public policymakers, partners/collaborators and competitors are all adjusting, at varying paces, to the climate realities as data, metrics/methodologies, and regulatory regimes take shape.”