Willis Towers Watson has announced that Paul Owens, CEO of its global captives practice, will retire later this year after nearly 30 years of service with the company.
Owens joined Willis Group in 1990 and has held multiple senior roles at the company, including COO of Willis Limited, COO of global businesses, and COO of global specialties.
He was appointed to his current role as CEO of the global captives practice when it was newly formed in January 2014.
John Merkovsky, head of risk and analytics, Willis Towers Watson, thanked Owens for his “considerable dedication and loyalty to Willis Towers Watson”.
He added: “Over his 30 years Paul Owens held numerous roles and he was unambiguously successful in each.”
“In his latest role he successfully grew and strengthened our captive business into the leading global captive practice it is today.”
“Owens will continue to work with us to appoint a successor through this transition period as we continue to invest in our captive business.”
Owens commented: “It has been an enormous privilege to lead the captives business from its inception and to see it grow into the powerhouse it is today.”
“I wish Willis Towers Watson and its thriving captive community every success for the future.”