Willis Re confirms managing director for International Customised Reinsurance

Willis Re has confirmed Simon Buxton as managing director of its International Customised Reinsurance practice, which focuses on non-traditional reinsurance.

Buxton will be based in London and lead the reinsurer’s growing customised reinsurance arena globally. With two decades of experience in reinsurance and has held roles including 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), as well as being a fellow of the Institute of Actuaries UK.

Buxton will report to Tony Melia CEO of Willis Re International.

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 Simon’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 also said that Buxton would be working closely with James Mounty, who leads the wider global practice, as well as working in partnership with consulting teams from Willis Towers Watson consulting teams. “Simon will concentrate on providing structured solutions across all our geographic regions in all non-life and life classes of business.”

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.

“I look forward to offering my experience and support to the Willis Re international team and their clients, and helping Willis Towers Watson cement its position as a key player in the customised reinsurance space. By combining broker and advisory capabilities, I believe we bring a strong value proposition to our clients – providing credible and innovative reinsurance solutions.”