Willis Re has formed a Global Life Reinsurance Practice to provide independent advisory and broking services to life insurers, reinsurers, and pension and annuity providers worldwide. The move follows the appointment of Christian Howells as head of life reinsurance, who joined from Macquarie Asset Management where he was head of international insurance solutions. The new practice, developed with Willis Towers Watson's insurance consulting and technology division, will offer analytics, funded and capital-motivated transactions, in-force risk management, and strategic risk transfer advice. Willis Re, a London-headquartered broker established in 2024 as a joint venture between Bain Capital Insurance and WTW, said the unit broadens its position in the international reinsurance market.
Willis Towers Watson PLCWillis Re's new life reinsurance practice, developed with WTW's consulting and technology division, expands WTW's service offerings and revenue opportunities.
Bain Capital Insurance's joint venture Willis Re launches a new practice, potentially increasing the value of its investment.