Broking firm WTW has hired Sompo International’s Juan Mascaro as Hospitality Segment leader a part of the Real Estate, Hospitality, and Leisure Division within its Corporate Risk and Broking (CRB), North America.
Mascaro brings more than 20 years of experience towards his new role. He has a diverse background that spans across underwriting, marketing, and client service roles, while delivering multi-line insurance programs to industry-specific clients.
During his time at Sompo International he oversaw the expansion of the Real Estate and Hospitality segments across the US, Mexico and Latin America. He also oversaw multinational business development efforts in North America.
Before joining Sompo, Mascaro worked at global re/insurer Chubb, where he led the firm’s Hospitality Practice over many years.
WTW confirmed that in his new role, Mascaro will be responsible for the strategic growth of the Hospitality industry segment across North America, where he will focus on providing innovative products and service to the company’s clients.
At the same time, the role will also see him focus on delivering customized risk and analytics solutions to clients throughout the region, while using data and insights to bring perspective to the particular risks affecting hospitality companies.
He will report directly to Jim Martuscelli, Head of Real Estate, Hospitality, and Leisure division.
Michael Chang, Head of CRB North America, WTW, addressed Mascaro’s appointment: “Juan brings a strong background in understanding the unique risks impacting the Hospitality industry segment. His experience in delivering risk strategy, analytics, and multi-line insurance solutions demonstrates his unique ability to tailor specific programs to the particular needs of client exposures. I am delighted to welcome Juan to the team.”
In other related WTW news, the firm recently incorporated climate data into its broking property renewals to help clients understand their long-term risks relating to their property portfolio.
WTW also recently announced a strategic collaboration with global law firm Clyde & Co to strengthen its climate risk management offerings. The collaboration between the companies aims to assist clients in effectively managing the impact of physical climate risks and transitioning to net-zero emissions.
