Willis has announced that Tim Kolojay has joined as senior vice president within the Captive and Actuarial Practice.

Mr Kolojay joins from Insurance Industry Consultants where he served as president. During his tenure, he was responsible for management and operations of the consulting practice including profit and loss, growing the practice, researching joint ventures, and managing a team of 15 professionals and administrators. Prior to joining IIC, he served as Senior Vice President with EW Blanch Holdings (now Benfield-Blanch).

In his new position, Mr Kolojay is charged with increasing the revenue base of Captive Management and Actuarial Services (CAPS) through business development for each of the individual CAPS units. He will also be responsible for recruiting talented individuals and teams, assisting producers with organic growth tools, and establishing relationships with retail brokers, working to provide assistance on alternative market and actuarial solutions.

Guy Ragosta, Regional Executive Officer of Willis CAPS said, “I have no doubt that Tim will be a great asset to our Vermont operations. With an emphasis on strengthening Willis' presence in key North American markets, Tim's appointment will assure the expansion and growth of our business in Vermont and the surrounding area.”