Willis Group Holdings has appointment Marc Paasch as global head of alternative risk transfer (ART) solutions.
Paasch joins Willis from Marsh, where he was a managing director, head of analytics and co-head of risk consulting in Europe, as well as a member of the Marsh France executive committee.
Prior to that, he held senior management positions in the financial services sector in Paris and New York, including at Allianz and Société Générale.
ART solutions enable businesses to transfer traditionally uninsurable risks to a third-party balance sheet and with Paasch it will further bolster Willis’s ability to deliver customised risk solutions.
Paasch will report to John Merkovsky, Willis’s global head of risk and analytics, who commented: “The addition of Paasch 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.”
