Willis entices senior Marsh exec

Willis Group has strengthened its alternative risk transfer (ART) expertise with the appointment of Marc Paasch as the global head of ART solutions.

Paasch will report to John Merkovsky, Willis’s global head of risk and analytics.

He joins from Marsh, where he served as managing director, head of analytics and co-head of risk consulting in Europe, as well as a member of the Marsh France executive committee.

Merkovksy said: “The addition of Marc to our risk and analytics team will enable Willis to leverage the risk insights gained through our cutting-edge analytics to deliver alternative techniques to hedge and transfer risk.”

Paasch said: “Businesses today are considering more tailored and sophisticated risk transfer solutions. By focusing on the critical strategic risks facing an enterprise, alternative risk transfer solutions can provide businesses with innovative risk transfer options.”