Focus will be on risk-linked securities and asset risk management

Towers Perrin has created its own capital markets unit in order to advise clients in the areas of risk-linked securities, retirement risk transfer transactions and asset risk management services throughout Europe.

Towers Perrin Capital Markets (TPCM) will will offer consulting and facilitation services to insurance companies and corporate clients that sponsor retirement plan and will also evaluate and facilitate risk management solutions involving securities and other capital markets instruments. It will be managed by London-based Gavin Palmer as its CEO.

“Over the past decade, the risk management market has evolved, and the techniques for managing risks have grown beyond traditional insurance and reinsurance markets to include the capital markets,” said Gavin Palmer.

“We are finding increasingly that our clients are looking to us to advise and provide additional services above and beyond the traditional insurance and reinsurance markets.”