General Insurance Article - Willis Towers Watson open reinsurance hub across DACH region

Willis Towers Watson have launched a new hub to focus on facultative reinsurance business across the German-speaking ‘DACH’ region of Germany, Austria, and Switzerland.

 The leading global advisory, broking, and solutions company has appointed two highly-experienced industry leaders to establish the hub from Munich, Germany.

 The new hub will further enhance the Willis Towers Watson corporate risk and broking proposition in Western Europe by optimising placement solutions through facultative reinsurance.

 It is a key part of Willis Towers Watson’s investment in its global strategy, and will draw on the company’s global reach, specialist broker network, and analytical expertise.

 Gerhard Hurek will lead the hub as the Head of DACH Facultative Reinsurance, and will start his new role this week. Previously, Hurek led the facultative business at MAPFRE RE for Germany, Austria, and the Central and Eastern European (CEE) region – a position he held for over a decade. Prior to this, Hurek spent 25 years in a variety of senior underwriting and client management roles at Swiss Re.

 Hurek will be joined by Željko Panic as Executive Director, also starting this week. Panic joins from MAPFRE RE, where he spent a decade as Head of Treaty Business for the CEE Countries, having also previously worked at Swiss Re and Bavarian Re.

 The new hub will report to Mathias Pahl and Ghassan Mansour.

 Mathias Pahl, Head of Corporate Risk & Broking for Willis Towers Watson Germany, commented: “I am delighted to welcome Gerhard and Zeljko to the team. Their significant combined experience and impressive reputations will drive our strategy for facultative reinsurance as an enabler across Germany and the wider region. This will help deliver greater benefits and solutions to all our clients in an ever-challenging market environment.”

 Ghassan Mansour, Managing Director of Corporate Risk & Broking, and Regional Head of Facultative Reinsurance for Western Europe, Willis Towers Watson, commented: “We are sending a clear message to the market that we have the drive and determination to become the leading facultative broker of choice for the DACH region. Our aim is to support insurance carriers to help them meet their strategic objectives through delivering technically advanced solutions. We will achieve this by drawing on Willis Towers Watson’s significant analytical capabilities, combined with the strength of experience of Gerhard and Zeljko, and the wider regional broking resource.”

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