Willis Re names new life and health leader
Willis Re has named Franck Pinette as leader of its international life and health practice.
Pinette joined Willis Re in early 2018 as managing director for EMEA life and health with over 30 years' experience in life reinsurance, including 11 years as head of Partner Re's worldwide life reinsurance unit. He also spent eight years as CEO of Guy Carpenter's European life reinsurance operations.
He reports to Tony Melia, CEO of Willis Re International, and is based in London, overseeing the continuing development of the life and health reinsurance market. He replaces Greg Solomon who has left the company.
Melia noted that Willis Re has invested resources in the life and health business, which has driven growth in revenues. The next phase ofgrowth, which Pinette will drive forward, will be supported by Willis Re’s APAC, EMEA and LAC dedicated life and health practices, and health consulting teams in Willis Towers Watson’s insurance consulting and technology (ICT) business, he 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,” said Pinette.
“As clients increasingly review their reinsurance arrangements Willis Re can provide impartial advice and broader market access. By combining broking and advisory capabilities we bring a unique value proposition to the life reinsurance market and provide credible and innovative reinsurance solutions to our clients,” he added.