WTW, an advisory, broking and solutions provider, has announced a move to reinforce its corporate risk and broking (CRB) business in the Philippines.
Gerald M Dolina will assume the role of head of Philippines and head of CRB Philippines, effective 2 January 2025.
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Until Dolina’s tenure begins, James Matti will maintain his current position in those two roles.
Matti will transition to the role of managing director, health, wealth & career Philippines at WTW.
Dolina, with nearly three decades of experience in large and complex risk management, will join WTW from a leadership position at another multinational broker.
His expertise is expected to further enhance WTW’s market leadership in the region.
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By GlobalDataWTW head of Asia-Pacific and head of CRB Asia Pacific Simon Weaver said: “The Philippines is a key market in our South East Asia business. As we strive to be the Philippines’ and the region’s best specialty broker, risk advisor and client partner, we will continue to invest in talent close to our clients, to best support their needs.”
WTW head of CRB South East Asia Rupert Roberts said: “We are delighted to announce Dolina’s addition to our Philippine business. He is an industry leader, completely committed to exceptional client service.”
WTW has recently formed a co-brokerage partnership with the J. Morey Company, aiming to improve risk management for North American operations of Japanese companies.
Additionally, earlier this week, WTW entered into a definitive agreement to divest its TRANZACT direct-to-consumer insurance distribution business to GTCR and Recognize.
The transaction, valued at $632.4m (£481.54m), is expected to result in non-cash pre-tax losses and impairment charges ranging from $1.6bn to $2.1bn.
The sale of TRANZACT is expected to conclude by the end of 2024, subject to regulatory approvals and customary closing conditions.
This move is part of WTW’s ongoing efforts to streamline its operations and focus on its core business areas.
