Willis Towers Watson has announced the creation of a new crisis management unit with the merger of the Special Contingency Risks (SCR) and Terror and Political Violence teams, which will sit within its Financial Solutions Global business line.
Led by Jo Holliday, Managing Director of SCR, the new unit works globally and is dedicated to crisis management and emergency risk management to a large number of multinational clients.
The Crisis Management segment covers the following areas: special crime (kidnapping and ransom, extortion, hijacking, maritime piracy, political evacuation), terrorism, political violence, accident and health (including personal accident, business trips, contingency, sports and entertainment) and active aggressor. These proposals continue to be supported by the Risk Advisory and Crisis Support services of the Alert:24 team, SCR’s in-house security risk and crisis management advisory practice.
“Crisis management and security risk is recognized as an area of concern for many of our clients at the board level. Increasingly, our customers view geopolitical risks as a macro trend and this was confirmed by a recent survey in which over 50% of our customers cited security issues and business travel as risk factors keys,” commented Alastair Swift, Head of Global Business Lines, Risk & Brokerage.
“By establishing a new Crisis Management business segment, we will be able to provide a specialized global offering that cuts across all industry sectors and geographies,” said Christophe Meurier, Head of Global Business Line Financial Solutions. “The new combined team will provide a highly specialized and innovative proposition that will allow us to expand our customer base and accelerate our growth strategy in this area.”
Source: Willis Towers Watson
Commercial Commercial Insurance Willis Towers Watson New Markets Risk Management
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