Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW), today announced the appointment of Franck Pinette as leader of its International Life & Health Practice with effect from 1st September, 2019.
Franck joined Willis Re in early 2018 as managing director for EMEA Life & Health. He is a qualified Chartered Enterprise Risk Actuary (CERA), and brings over 30 years’ experience in life reinsurance, including 11 years as head of Partner Re’s Worldwide Life Reinsurance unit. Prior to joining Willis Re, he spent eight years as CEO of Guy Carpenter’s European Life Reinsurance operations.
Reporting to Tony Melia, CEO of Willis Re International, Franck is based in London and will oversee Willis Re’s continuing development in the fast expanding Life & Health reinsurance market. He succeeds Greg Solomon who leaves Willis Re to pursue new career opportunities.
Commenting on the appointment, Tony said: “Our Life & Health activity continues to develop fast with investment in resource around the network accompanied by healthy growth in revenue. As we continue to expand, Franck is ideally placed to oversee the next phase in our growth, supported by Willis Re’s APAC, EMEA and LAC dedicated Life & Health Practices and our Life & Health consulting teams in Willis Towers Watson’s Insurance Consulting and Technology (ICT) business. Willis Towers Watson is highly skilled in this space and possesses the market-leading actuarial resources required to strengthen our position as akey player in the Life & Health reinsurance market.”
He added: We would like to thank Greg for his energy, dedication and contribution over the past five plus years.”
Franck added “With the advent of Solvency II and other regulatory frameworks around the world, life insurers are much more conscious of the impact that reinsurance can have on their balance sheets, P&L and wider risk management. As clients increasingly review their reinsurance arrangements Willis Re can provide impartial advice and broader market access. By combining broking and advisory capabilities we bring a unique value proposition to the life reinsurance market and provide credible and innovative reinsurance solutions to our clients.”