Expanding the breadth and depth of its capital market expertise and solution offerings, global professional services company Towers Watson has named Michael Popkin co-head of insurance-linked securities (ILS) for Towers Watson Capital Markets (TWCM) Inc., the company’s U.S.-based broker-dealer.
In his role, Popkin will assist clients in a wide range of strategic risk management activities surrounding ILS and industry loss warranties (ILW). He will also aid in the development and implementation of risk transfer solutions in the capital markets, including sidecars, catastrophe bonds and life insurance-related securitizations, among others. Reporting to Ed Hochberg, head of TWCM, he is based in New York.
“We are pleased to have a market leader with such an outstanding track record as Michael joining us, and we look forward to his role in helping clients address their critical risk and capital management needs,” said Hochberg. “He brings vast experience, knowledge and thought leadership to our valued insurance industry clients, and we look forward to Michael and the entire TWCM team continuing to work closely with our full-service reinsurance brokerage business in North America, Bermuda and London.”
For two years prior to joining Towers Watson, Popkin served in two roles – head of financial institution origination and head of structured credit solutions – at RWE Supply & Trading, a leading European energy trading house in London. While at RWE, he coordinated and implemented both complex structured commodity transactions and various hedging strategies. He has also held the positions of co-head of European structured credit sales at Dresdner Kleinwort in London, and senior vice president and senior portfolio manager for Zurich Financial Services in New York, where he managed a variety of structured product investment portfolios.
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