Willis Towers Watson bolsters insurance risk unit with new hire

Broker Willis Towers Watson has appointed Gavin Hill as senior consultant to its insurance risk consulting and software (RCS) business.

Based in London, Hill joins the RCS team from the Bank of England, where he was a senior technical specialist at the Prudential Regulatory Authority (PRA). He most recently spent time focusing on the retail and London markets, working across a wide range of specialist actuarial disciplines, including capital modelling under Solvency II, Pillar II model validation and reserving.

Hill played a leading role in the PRA’s supervisory team, where he developed extensive expertise in the design, development and implementation of complex actuarial solutions, including articulating the regulatory requirements for model validation and driving the PRA’s strategy on reserving and capital modelling for PPOs.

Prior to the Bank of England, he held senior roles at Deloitte and Zurich where he specialised in capital modelling.

Tammy Richardson, managing director, UK P&C leader, Willis Towers Watson, said: "I am delighted Gavin is joining our team. He has considerable experience within the regulator and in model validation which will be a major asset not only to our clients, who are looking to derive the maximum business benefit from this demanding process, but also to the RCS team as we continue to strengthen our position as the leading consultancy and technology solutions provider for the insurance industry."

Hill added: "Willis Towers Watson has made a decisive move to strengthen its presence and impact across the UK insurance market amid a volatile risk environment. The insurance landscape is evolving rapidly and I look forward to working with our clients to help them take control of their regulatory relationships and manage their risk and capital strategy in order to achieve profitable outcomes during these challenging times."

Today’s stories

Arch Re replaces Canadian CEO with Aon Benfield executive

SCOR enters US medical reinsurance market

R&Q completes $46.5m loss portfolio transfer

Novae strengthens marine unit with Everards hire

Admiral breached new FCA renewal rules

Australian Reinsurance Pool names new chair

Zurich private clients head joins Munich Re-backed MGA UK General

New alliance to drive blockchain use in insurance broker market

Charles Taylor appoints non-executive director

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.