25 November 2014 Insurance

Willis appoints LatAm mining head

Broker Willis has appointed Tom Holliday as head of mining in Latin America in response to the continued investment in the mining industry in the region.

Based in Lima, Holliday will be responsible for aligning all of Willis’s global capabilities and resources to deliver industry leading solutions and risk management services to mining clients across the region.

He was previously an executive director in Willis’s mining practice, based in London.

Holliday said: “Whilst Latin America is already one of the most important regions globally in terms of mining activity, it also tops the list for future opportunities. With this expansion and increasing production comes the requirement for high quality risk management.

“As margins are squeezed by increased operating costs and depressed commodity pricing, miners have to review their appetite for risk whilst maintaining appropriate protection of their workforce and their balance sheet. This isn’t about cutting costs and cutting corners, but actively looking for solutions and advice to help manage the total cost of risk and embed a culture of risk management throughout an entire organisation.”

Edward Fyfe, regional leader for large accounts and industries for Latin America, added: “Latin America is a region that no ambitious multinational can choose to ignore. The region as a whole has witnessed a surge in economic growth and potential over the past two decades, and each country has its own unique set of risks and opportunities. This diversity naturally extends to the way companies handle those threats and deploy risk management solutions.”

Alistair Rivers, global head of Natural Resources for Willis Group, said: “Ever closer collaboration between our Associates in geographies around the world with our global placement, risk and analytics specialists is one of the keys to Willis’s unique client service model. Local market experts in each of our regions around the world, working alongside our industry and product specialists, create powerful client-centric teams.

“I’m thrilled to see Tom take up this position in Latin America as he combines our firm’s global capabilities with his own unique knowledge and experience of the global mining industry to provide unparalleled services and solutions for our clients in this part of the world.”

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