Willis Towers Watson has named Jamie Jeffers as divisional director – financial solutions, as part of an ongoing process to bolster its financial services capabilities across the region.
Based in Sydney, Australia, Jeffers reports to Stuart Ashworth - managing director of financial solutions, Asia Pacific, who is based in Singapore.
Commenting on the new appointment, Ashworth said: “Global commercial, technological and regulatory changes continue to influence the way in which clients evaluate, measure and manage risk. The financial solutions team within Willis Towers Watson has been partnering and advising clients in risk and capital management for over 30 years. We are delighted to welcome Jamie into the team to further expand that knowledge and offering into the Australian market.
“Jamie has significant experience working with Australian lenders, and understands how the insurance market can interact with, and complement their distribution strategy. Leveraging our global expertise, Jamie will provide guidance and assistance to both international and domestic clients in Australia, allowing those clients to understand and access insurance capacity and capital.”
Before joining Willis Towers Watson, Jeffers worked for the Westpac Group for over 10 years where he was most recently its sector head of insurance relationships for financial institutions in Westpac Institutional Bank.
Chairman of financial solutions, Paul Davidson said: “We are delighted to welcome Jamie to financial solutions as part of the continuing expansion of our presence in the region. We have made a significant investment over a number of years in establishing a highly skilled and experienced team in Singapore, Hong Kong, Tokyo and Sydney in order to provide fast, knowledgeable and efficient expertise to our financial institution client base and prompt access to the expanding worldwide underwriting community. Operating as a single global business enables us to connect our clients to the resources of our entire global team through our colleagues operating locally, consistent with our global strategy.”
Established in 1979, and now recognised as a market leader, Willis Towers Watson’s financial solutions division is the world’s largest structured credit and political risk broker. The business mitigates risk by way of broking credit and political risk insurance in excess of USD$30bn of emerging market exposure annually, with approximately 25 percent of the world market share.