Willis Towers Watson announces the formation of a specialized team to deliver risk services for distressed organizations

Rhea-AI Summary

Willis Towers Watson (NASDAQ: WLTW) announces the launch of its Strategic Solutions Group (SSG) to assist distressed organizations with risk management during financial crises. The SSG will provide tailored services addressing insurance and claim challenges linked to bankruptcy and restructuring. The initiative comes in response to growing market volatility and the unique risks faced by corporations. Led by industry veterans, the SSG aims to leverage data, analytics, and global expertise to support firms navigating financial hardship.

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• Formation of the Strategic Solutions Group (SSG) to aid distressed organizations.
• Expert team addressing unique risks during financial crises.
• Global market insights and claims advocacy to assist clients.

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ARLINGTON, Va., May 06, 2020 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, today announced the formation of its Strategic Solutions Group (SSG) within its Financial, Executive and Professional Risks (FINEX) global practice and Mergers & Acquisitions Group. SSG will provide specialized risk services, replete with global broking influence and insights, to distressed organizations. In particular, SSG will deliver 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 which only a global broking leader can deliver. The team has formed now because organizations today face an environment marked by unprecedented risk, tremendous market volatility and unforeseen financial challenges, which underscores the need for experts with proven track records to help lead their businesses out of financial crisis.

“Developing a task force around distressed organizational risk demonstrates our commitment to companies facing financial hardship,” says 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.”

SSG will be led by veteran management liability risk and product specialists @Rob Yellen and @John Orr and includes London-based specialist @Angus Duncan, M&A and transactional expert @Julia Papastavridis, M&A and tax expert @Sheldon Elefant, London-based M&A expert @Alexander Keville, head of FINEX NA claims @Brian Weiss and bankruptcy claims specialist @Anthony Rapa. 

“By forming this team of specialists,” said Jeremy Wall, head of Global FINEX, Willis Towers Watson, “we have responded to today’s unprecedented market conditions and compelling client needs by delivering unparalleled technical excellence combined with all that a global placement team can offer.”

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

Media contact

Ileana Feoli: +1 212 309 5504
ileana.feoli@willistowerswatson.com 

FAQ

What is the purpose of Willis Towers Watson's Strategic Solutions Group (SSG)?

The SSG is designed to provide specialized risk services to distressed organizations, focusing on challenges related to bankruptcy and restructuring.

Who leads the Strategic Solutions Group (SSG) at Willis Towers Watson?

The SSG is led by Rob Yellen and John Orr, along with other industry specialists.

What market conditions prompted the formation of the SSG by WLTW?

The formation of the SSG was prompted by unprecedented market volatility and financial challenges faced by organizations.

How does WLTW plan to support companies in financial crisis through the SSG?

WLTW plans to support companies by delivering global expertise, market insights, and claims advocacy to navigate financial hardships.

Which risks does the Strategic Solutions Group (SSG) address?

The SSG addresses unique risks and exposures related to corporate restructuring and financial distress.