Willis unveils new contingent risk solution head
Willis, which is part of WTW, has announced that Stephen Kyriacou has been appointed head of litigation and contingent risk solutions, and senior director of transactional solutions for North America.
The company said that Kyriacou will develop and implement specialised insurance solutions for litigation and contingent risks, working closely with corporate, private equity, law firm, hedge fund, and litigation finance clients to design products that address complex litigation, intellectual property, and regulatory challenges.
With over a decade of expertise in the legal and insurance industries, Kyriacou brings a wealth of knowledge in litigation and contingent risk solutions, most recently serving as managing director and senior lawyer in Aon’s litigation risk group. There, he advised on litigation risks and structured customised insurance policies for clients across multiple industries. As the first insurance industry professional focused solely on the litigation and contingent risk insurance market, Kyriacou was instrumental in pioneering judgment preservation insurance, insurance-backed judgment monetisation, and other creative solutions that have since become standard throughout the industry.
At WTW, Kyriacou will focus on expanding the firm’s litigation and contingent risk solutions practice, structuring and placing customised risk transfer strategies, and building a leading technical risk solutions team. According to Willis his appointment demonstrates WTW’s commitment to providing innovative litigation and contingent risk solutions to support clients with managing their complex exposures.
“We are thrilled to welcome Stephen to the WTW team,” said Aartie Manansingh, Head of the Private Equity and Transaction Solutions (PETS) division at Willis. “Our team is committed to delivering comprehensive, bespoke solutions that drive better outcomes for clients, and Stephen’s expertise strengthens that position. His extensive knowledge ensures that clients have access to one of the most technical and experienced brokers in litigation and contingent risk solutions throughout the industry, helping them navigate complicated and unique risks with confidence.”
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