Global brokerage WTW has announced the addition of two senior directors, Alan Routhenstein and Noel Harewood, to its Life Insurance Consulting and Technology business within the firm’s Insurance Consulting and Technology (ICT) operation.
Both appointments reflect ICT’s ongoing commitment to deepen its expertise and technical knowledge, which ultimately helps to strengthen the company’s position as the market leader across all areas of life insurance.
In their new roles, both Routhenstein and Harewood will hold responsibility for leading client engagements and developing strategic solutions on wide variety of topics.
This will include: M&A, block reinsurance transactions, pension risk transfer, corporate structure, structured reinsurance and other capital/risk management transactions.
Overall, Routhenstein brings more than 30 years of industry experience towards his new role. In his most recent role, he served as President at Routhenstein & Company, where he assisted insurance company clients with evaluating, negotiating, and implementing structured finance, reinsurance, and derivative transactions.
Prior to that, he served in a variety of key positions at SCOR Global Life, including Head of Financial Solutions, Americas, and SVP, Americas Structuring, Global Financial Solutions. During his tenure at SCOR Global Life, he oversaw the design, structuring and implementation of the company’s Financial Solutions transactions, and went on to manage a team that handled structured reinsurance financing and block acquisition transactions.
Furthermore, he currently serves as Vice-Chair of the Asset Adequacy and Reinsurance Issues Task Force of the American Academy of Actuaries (AAA), and also currently serves as an active participant on the AAA’s Life Practice Council, Life Valuation Committee, Life Experience Committee, and Life Reserve Work Group, where he focuses on asset Press Release and reinsurance-related issues.
Additionally, Harewood joins WTW from Gen Re Life Corporation, where he most recently held the roles of President and CEO. Prior to that, he spent five years of service as VP and Actuary for individual product management at Ameritas Life Insurance Corporation. Within these roles he was responsible for managing in-force policy issues, reinsurance, and financial forecasting for the company’s individual life, health and annuity businesses.
Harewood is familiar with WTW, having served in a consulting role at the company for more than 12 years before joining Munich American Reassurance Company in 2011 as Corporate Actuary for the US life business.
Dominique Lebel, Managing Director, Americas Life Insurance Consulting and Technology, WTW, commented: “We are thrilled to welcome both Alan and Noel to our expanding team, deepening our technical expertise. Their wealth of experience in leadership, client engagement, and specialized expertise in diverse functions underscores our commitment to providing exceptional life consulting services and technology to our clients. Both will help attract new clients, in addition to delivering technical proficiency to current clients with existing service offerings.”
