31 July 2015Actuarial & underwriting

Mercer hires Towers Watson exec

Mercer, Marsh & McLennan (MMC) human resources consulting arm, has appointed Ravi Rastogi as a partner and European insurance group leader.

Based in London, Ragosti will spearhead the expansion of Mercer’s insurance group.

The group is also tasked with developing tailored services for the sector, including risk management solutions and a delegated investment solution for captives.

He joins the firm from Towers Watson, where he served as the EMEA leader of its insurance investment advisory.

Andrew Kirton, senior partner and investments leader (EuroPac), said: “Our intention is that Ravi and his Mercer colleagues help Marsh & McLennan deliver a comprehensive range of risk management and investment services to the insurance market.

“In a world of low bond yields, stiffer regulatory requirements and increased stakeholder expectations, insurers, reinsurers and captive insurers face increasing financial compliance and numerous investment challenges. Ravi is perfectly suited to helping clients address these issues. He’s a seasoned investment and actuarial professional with deep dive expertise and has experience helping insurance companies build sustainable and successful risk management and investment arrangements.

“We have ambitious expansion plans for our insurance group. Ravi will bring knowledge, energy and innovative thinking to this important initiative. He will strengthen Mercer’s insurance expertise for complex investment strategy advice and solutions and help us add greater value to our clients.”

Rastogi added: “This is an incredibly exciting and important time for the insurance investment industry. Insurance is a societally critical sector, and success will positively impact all of the sector’s stakeholders: policyholders, insurers, investment providers, and regulators. It is a privilege to be joining such a talented and visionary leadership team at Mercer.”