Willis Towers Watson (WTW) has announced the appointment of Lee Garvey as its new head of financial solutions for Australia and New Zealand to strengthen its expansion across the region.
In his new role, he would oversee the development of all products including credit and non-payment insurance, political risk insurance, commercial surety, terrorism and political violence, and lenders insurance advisory within the financial solutions global line of business in the Australian and New Zealand markets.
Garvey, who would report to Fabien Conderanne, regional head of financial solutions, Asia Pacific, corporate risk and broking, worked for all three of the major insurance brokers and returned to WTW where he had previously worked in 2012.
Prior to his new role at WTW, Garvey was heading the Lenders Solutions Group Asia business at Marsh.
Initially based in Singapore and supporting regional initiatives, Garvey would transfer to Sydney in due course, the firm said.
"We see tremendous opportunities for banks and corporates in Australia and New Zealand to benefit from our Financial Solutions products, particularly credit and political risk insurance,” Conderanne commented on his appointment.
“Lee brings an invaluable experience having worked in the market for many years with large financial institutions and corporates. His expertise will undoubtedly make a difference to clients in the Australasia market."