Willis Towers Watson forms specialist group for companies in financial crisis

Re/insurance broker Willis Towers Watson has created a Strategic Solutions Group (SSG) within its financial, executive and professional Risks (FINEX) global practice and mergers & acquisitions group to help lead "distressed" businesses out of financial crisis.

SSG will provide specialised risk services, replete with global broking influence and insights, to distressed organisations that are facing unprecedented risk, tremendous market volatility and unforeseen financial challenges.

WTW said the group will provide global expertise on the risk, insurance and claim challenges facing companies before, during or after a bankruptcy or restructuring.

This team of specialists will serve as a bridge to the unparalleled market insights, placement expertise, data and analytics, and claims advocacy.

“Developing a task force around distressed organizational risk demonstrates our commitment to companies facing financial hardship,” said Ken Ross, head of FINEX North America, Willis Towers Watson. “Corporate restructuring entails unique risks and exposures to organizations and their directors and officers. Addressing those exposures requires a breadth and depth of expertise that we bring through the professionals on this newly formed team.”