WTW expands Life Insurance Consulting and Technology practice with two senior hires

NEW YORK, NY, March 30, 2023 - WTW (Nasdaq: WTW), a leading global advisory, broking and solutions company, today announced the addition of two senior directors, Alan Routhenstein and Noel Harewood, to its Life Insurance Consulting and Technology business within the company's Insurance Consulting and Technology (ICT) operation. The appointments of Routhenstein and Harewood reflect ICT's ongoing commitment to deepening its expertise and technical knowledge, further strengthening the company's position as the market leader across all areas of life insurance.

In their new roles, both Routhenstein and Harewood will be responsible for leading client engagements and developing strategic solutions on topics including mergers and acquisitions, block reinsurance transactions, pension risk transfer, corporate structure, structured reinsurance and other capital/risk management transactions, asset/hedging strategies and modeling for asset adequacy testing and principles based reserves, AG38 compliance, other financial modeling and reporting frameworks, litigation support and reinsurance arbitration, actuarial transformation and outsourcing.

Routhenstein brings more than 30 years of insurance experience, including 13 years of consulting experience, to his new ICT role at WTW. Most recently, he served as President at Routhenstein & Company, where he assisted insurance company clients with evaluating, negotiating, and implementing structured finance, reinsurance, and derivative transactions. Prior, he held key positions at SCOR Global Life including Head of Financial Solutions, Americas, and Senior Vice President, Americas Structuring, Global Financial Solutions. At SCOR Global Life, Routhenstein oversaw the design, structuring and implementation of the company's Financial Solutions transactions and managed a team that handled structured reinsurance financing and block acquisition transactions. Additionally, he currently serves as Vice-Chair of the Asset Adequacy and Reinsurance Issues Task Force of the American Academy of Actuaries (AAA), and serves as an active participant on the AAA's Life Practice Council, Life Valuation Committee, Life Experience Committee, and Life Reserve Work Group, where he focuses on asset and reinsurance-related issues. Routhenstein holds a BBA degree in actuarial science from the Fox School of Business at Temple University.

Harewood joins WTW from Gen Re Life Corporation, where he most recently served as President and CEO. Prior, he spent five years as Vice President and Actuary for individual product management at Ameritas Life Insurance Corporation, where he was responsible for managing in-force policy issues, reinsurance, and financial forecasting for the company's individual life, health and annuity businesses. Harewood is familiar with WTW, having served in a consulting role at the company for more than 12 years before joining Munich American Reassurance Company in 2011 as Corporate Actuary for the US life business. He holds a BSBA degree in actuarial science from the University of Nebraska, Lincoln.

"We are thrilled to welcome both Alan and Noel to our expanding team, deepening our technical expertise," said Dominique Lebel, Managing Director, Americas Life Insurance Consulting and Technology, WTW. "Their wealth of experience in leadership, client engagement, and specialized expertise in diverse functions underscores our commitment to providing exceptional life consulting services and technology to our clients. Both will help attract new clients, in addition to delivering technical proficiency to current clients with existing service offerings."

About Insurance Consulting and Technology

WTW's Insurance Consulting and Technology business has over 1,200 colleagues operating in 35 markets worldwide. It is a leading provider of advice, solutions, and software - primarily to the insurance industry. Its consulting services help clients manage risk and capital, improve business performance, and create competitive advantage - by focusing on financial and regulatory reporting, enterprise risk and capital management, M&A and corporate restructuring, products, pricing, business management and strategy.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success-and provide perspective that moves you.

Attachments

• Original Link
• Original Document
• Permalink

Disclaimer

Willis Towers Watson plc published this content on 30 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2023 17:45:57 UTC.