WTW, an international advisory, insurance broking and risk solutions provider, has confirmed that Phil Traicus has rejoined its Insurance Consulting and Technology (ICT) division as Senior Director.
The appointment marks Traicus’s return to WTW following his tenure at Wawanesa Mutual Insurance Company, a major Canadian property and casualty insurer.
During his time at Wawanesa, he occupied the roles of Chief Risk Officer and Vice President, with oversight of several key risk management functions, including enterprise risk management (ERM), economic capital, Own Risk and Solvency Assessment (ORSA), risk appetite frameworks and stress testing. His role also involved advising senior management and the Board on corporate risk oversight and strategic planning.
WTW highlighted Traicus’s previous 13-year career with the business, during which he advised insurance companies, reinsurance providers and captive insurers operating in Canada, the United States and the Caribbean. His professional background encompasses actuarial reserving, Appointed Actuary assignments, capital modelling, regulatory compliance and reporting, reinsurance arrangements and the implementation of technology solutions supporting IFRS 17 requirements.
In his new Toronto-based position, Traicus will concentrate on delivering corporate actuarial advisory services to insurers and reinsurers throughout Canada. According to WTW, he will work under the leadership of Nicolas Beaudoin, Head of Canada P&C Insurance Consulting and Technology.
Beaudoin added: “We are delighted to welcome Phil back to WTW and to our Canadian team. His distinctive combination of actuarial expertise, risk management leadership and deep knowledge of the North American market will be a tremendous asset as we continue to grow our business and help clients navigate an increasingly complex risk landscape.”
