Willis taps Marsh exec as global alternative risk transfer chief

Marc Paasch has been named global head of alternative risk transfer solutions for Willis Group Holdings P.L.C.

Willis Group Holdings P.L.C. has named former Marsh Ltd. executive Marc Paasch to the newly created position of global head of alternative risk transfer solutions, the broker announced Monday.

Based in New York, Mr. Paasch reports to John Merkovsky, Willis' global head of risk and analytics, Willis said.

Mr. Paasch joins from Marsh, where he was managing director, head of analytics and co-head of risk consulting in Europe, according to the statement.

“The addition of Marc to our risk and analytics team will enable Willis to leverage the risk insights gained through our cutting-edge analytics to deliver alternative techniques to hedge and transfer risk,” Mr. Merkovsky said in the statement.