Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the appointments of Tom Rowley as Senior Vice President (SVP) for North American Property and Matt Harvey as SVP for International Property.
Both appointments will sit within the Property & Casualty (P&C) Centre of Excellence (CoE), which is responsible for the placement of U.S, International and UK retail risks into the London and international market.
Rowley is a former Senior Executive at Brit Insurance with more than 15 years’ experience leading a range of underwriting classes and overseeing growth and strategic development.
Harvey has 20 years’ experience in international property and joins WTW from Aon, where he was responsible for the design and placement of international property risks.
WTW explained that the addition of Rowley and Harvey will help it to deliver strategic market growth and provide solutions for local market placements by harnessing data, analytics and technology.
In particular, Rowley will focus on designing a cost effective platform to bring middle-market, low-catastrophe exposed, low attrition property business in to the London market.
“We have identified Tom’s unique skillset as the key to developing solutions to enable the London market to write this business, which currently does not make it across the Atlantic,” said Angela James, Head of North American Property, Property & Casualty CoE.
Gary Marchitello, Head of Property Broking, North America, also commented: “I am delighted that working closely with our colleagues in the UK we have identified the talent and a portfolio of clients who can benefit from the long term stability of the London property market place. This demonstrates our commitment to clients that we will seek out the best solutions for them regardless of geography.”
Harvey will meanwhile be responsible for developing opportunities in the Asia-Pacific region and will focus on identifying sustainable property business that can be placed into the London market for the long-term.
“We are delighted to be able to make significant investment in talent to help grow our business,” said Garret Gaughan, Head of Property & Casualty CoE. “External issues such as Brexit, increased regulation and market volatility means our global clients are facing significant challenges.”
“We recognize that continued innovation is necessary across the London market and these two appointments will ensure we can continue to bring depth of expertise and a compelling value proposition for our clients, as well as supporting the London market capability,” Gaughan added.