New life and health reinsurance leader for Willis Re will be based in London rather than Hong Kong
Frank Pinette has been appointed Willis Re International’s leader for life and health reinsurance business.
He joined Willis Re in early 2018 as managing director for its life and health business in Europe.
Pinette, to be based in London, replaces Greg Solomon in the role, who did the job from Hong Kong.
Solomon was at Swiss Re for 21 years before taking the Willis Re job in 2014.
Before Willis Re, Pinette spent eight years as CEO of Guy Carpenter’s European life reinsurance operations.
Reporting to Tony Melia, CEO of Willis Re International, Pinette’s appointment is already effective since September 1.
“Our life and health activity continues to develop fast with investment in resource around the network accompanied by healthy growth in revenue,” Melia said.
“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 and health practices and our life and health consulting teams in Willis Towers Watson’s Insurance Consulting and Technology (ICT) business,” Melia said.
Pinette 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.”