Willis Towers Watson has launched a new hub to focus on facultative reinsurance business across the German-speaking 'DACH' region of Germany, Austria, and Switzerland.
The leading global advisory, broking, and solutions company has appointed two highly-experienced industry leaders to establish the hub from Munich, Germany.
The new hub will further enhance the Willis Towers Watson corporate risk and broking proposition in Western Europe by optimizing placement solutions through facultative reinsurance.
It is a key part of Willis Towers Watson’s investment in its global strategy, and will draw on the company’s global reach, specialist broker network, and analytical expertise.
Mr Gerhard Hurek will lead the hub as the Head of DACH Facultative Reinsurance, and will start his new role this week. Previously, he led the facultative business at MAPFRE RE for Germany, Austria, and the Central and Eastern European (CEE) region – a position he held for over a decade. Prior to this, he spent 25 years in a variety of senior underwriting and client management roles at Swiss Re.
Mr Hurek will be joined by Mr Zeljko Panic as Executive Director, also starting this week. Mr Panic joins from MAPFRE RE, where he spent a decade as Head of Treaty Business for the CEE Countries, having also previously worked at Swiss Re and Bavarian Re.
The new hub will report to Mr Mathias Pahl and Mr Ghassan Mansour.