WTW has announced the formation of a new crisis management unit with the merger of the SCR and its political violence teams. The unit will be located within WTW’s Financial Solutions Global business and will be led by Jo Holliday, SCR’s Managing Director.
The new entity will operate globally, providing crisis management and emergency risk management to multinational clients. The unit covers the following areas:
- Specialty crime (kidnapping and ransom, extortion, kidnapping, naval piracy, political evacuation)
- political violence
- Accident and Health (including Personal Accident, Business Travel, Emergency, Sports and Entertainment)
- Active attacker
These covers are further supported by the risk advisory and crisis support services of Alert:24, SCR’s internal security risk advisory and crisis management practice.
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“Crisis management and security risk is an area of concern for many of our board-level customers,” said Alastair Swift, WTW’s head of global line and business, risk and broking. “Our clients are increasingly viewing geopolitical risk as a macro trend, and this was confirmed by a recent survey in which over 50% of our clients cited security issues and business travel as top risk factors.”
“By establishing a new business segment dedicated to crisis management, we will be able to offer a specialized global offering spanning all industries and geographies,” said Christophe Meurier, Head of Financial Solutions, Global Line of Business at WTW. “The new combined team will provide a highly specialized and innovative offering that will enable us to broaden our customer demographics and accelerate our growth strategy in this space.”