Global professional services firm, Willis Towers Watson (WTW), has expanded its Corporate Risk & Broking (CRB) business in Japan with the launch of a new insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsurance placement services to partner brokers or agencies in Japan under the entity, WTW Broker Japan Co. Ltd.
The new retail brokerage operation will consist of over 10 brokers and risk advisors by the beginning of next year, and will be headed by Tetsuro Nakazawa, representative director and chief operating officer, WTW Broker Japan. Nakazawa has 25-years of insurance industry experience in Japan, Singapore, and London, and is an industry veteran in facultative reinsurance broking.
WTW Broker Japan is positioned to work with corporate clients and insurance partners or agencies to support companies in securing insurance and fac reinsurance for complex risks. The broking business will draw on the experience of WTW’s brokers and risk advisors globally, as well as its extensive network internationally to ensure that clients and partners get the right insurance cover.
WTW’s existing agency company will continue to focus on domestic corporate business and Japanese firms with global programs, where it can support them in collaborating with their corporate in-house agencies. The expansion of WTW’s additional service in Japan will introduce specialty broking solutions to Japanese companies and focus on speciality segments, particularly for large corporates and Japanese companies with overseas business interests.
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