Willis Re has appointed Simon Buxton as managing director of its international customised reinsurance practice, which focuses on non-traditional reinsurance.
Based in London, Buxton will be reporting to Tony Melia, CEO, Willis Re International. He will lead Willis Re's development in the fast-expanding customised reinsurance arena across the international region.
Buxton is a member of the Institute of Actuaries UK and brings 20 years’ experience in reinsurance including roles as head of structured reinsurance at XL financial solutions and Allianz Risk Transfer, and global head of treaty and facultative at Allianz Global Corporate and Specialty (AGCS).
Melia said: “The search for optimal, customised reinsurance solutions to secure capital and earnings resilience, often across both assets and liabilities, is increasingly at the top of our clients’ strategic agendas.”
“I have always admired Buxton’s skills and professionalism, and I’m confident that his experience and proven expertise in the often complex alternative risk transfer field will significantly enhance the capabilities of our customised reinsurance practice.”
He added: “Working in close conjunction with James Mounty, who leads the wider global practice, and in partnership with our market leading Willis Tower Watson consulting teams, Buxton will concentrate on providing structured solutions across all our geographic regions in all non-life and life classes of business.”
Commenting on his new role, Buxton said: “Having experienced both the buy and sell sides of customised reinsurance, I have seen how vital it is to have a trusted and expert advisor such as Willis Re supporting both sides in the journey of optimising the reinsurance structure.”