Willis appoints global ART solutions head

Broker Willis has appointed Marc Paasch as the global head of alternative risk transfer (ART) solutions.

Paasch will report to John Merkovsky, Willis’s global head of risk and analytics.

He joins from Marsh, where he served as managing director, head of analytics and co-head of risk consulting in Europe, as well as a member of the Marsh France executive committee.

Merkovksy said: “The addition of Marc to our risk and analytics team will enable Willis to leverage the risk insights gained through our cutting-edge analytics to deliver alternative techniques to hedge and transfer risk.”

Paasch said: “Businesses today are considering more tailored and sophisticated risk transfer solutions. By focusing on the critical strategic risks facing an enterprise, alternative risk transfer solutions can provide businesses with innovative risk transfer options.”