Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Costas Yiasoumi as a Senior Director in its pension de-risking transaction business.
Yiasoumi joins WTW from Legal & General, where he served as Head of Core Business, focusing on the buy-in and buy-out market.
He has more than 20 years’ experience leading teams in developing and implementing de-risking solutions for pension funds, and has previously held senior roles at Partnership Assurance, SwissRe, J.P. Morgan and Mercer, where he led the UK bulk annuity team.
Yiasoumi’s appointment is effective from 7 January 2019 and he will be based in WTW’s Manchester office.
Ian Aley, Head of Transactions consulting at WTW, commented on the announcement: “I am delighted Costas has decided to join Willis Towers Watson and we very much look forward to working with him.
“His unique multi-disciplinary skills and track record will be invaluable to our clients as they seek the right de-risking solutions and he will help us to maintain our market-leading position across this space.”
WTW recently predicted that the bulk annuity market is set to grow significantly in 2019, with up to £30 billion worth of transaction expected over the course of the year.