Willis Towers Watson, the global consulting, brokerage and solutions firm, announced the addition of Shanghai to its global P&C insurance center, aimed at enhancing the company’s global investment model for clients.
The Global Markets P&C Hub further strengthens the ability of Willis Towers Watson’s investment teams to act as one, providing clients with access to a comprehensive response through one access point, the broker said in a statement.
Initially focused on coordinating investment activities in London, Bermuda and Singapore, the addition of Shanghai enables the hub to facilitate increased sharing of ideas, expertise, innovation and perspectives in the Asia region. Peaceful.
“We are delighted to see that Shanghai has joined the Global Markets P&C Hub with London, Bermuda and Singapore,” said Wise Xu, Head of Corporate Risk & Broking, China, and Head of China at Willis Towers Watson. “This reflects the strategic importance of the Chinese insurance market, which is the world’s second largest insurance market after the United States.”
He noted that customers in China will now be able to more efficiently access global insurance capacity. “At the same time, the dynamics of China’s emerging markets will also bring competitiveness and flexibility to our global customers. This will help introduce more innovative solutions to the Chinese insurance market to meet the risk transfer needs of clients in China, ”Xu said.
Source: Willis Towers Watson
Photograph: The cityscape of Shanghai’s Central District and China’s Financial Center was photographed on November 9, 2019.
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