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Towers Watson Expands, Strengthens Its Retail Insurance Brokerage Business

Posted on 27 Apr 2010

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Continuing to expand the depth and breadth of expertise in its retail insurance brokerage business, global professional services company Towers Watson has appointed three senior brokers with nearly 85 years of combined experience -- Craig Nelson, Steven Watts and Paul Perry.

The three are responsible for aiding in the development, implementation and oversight of strategic risk management programs for corporate and public entity clients.

"Craig, Steven and Paul have stellar reputations for extraordinary client service and a keen eye on the myriad issues facing our clients," said James Hole, Towers Watson managing director and a leader within the company's reinsurance brokerage business, the world's fourth largest. "As we look to expand this important strategic growth area, we look to these three longtime industry leaders to utilize their analytical know-how and consultative support for our valued client base."

Mr. Nelson, who is based in Denver, has more than 28 years of experience in the risk management and insurance brokerage industry, including 10 years running his own company and three years managing a large office for one of the world's largest brokers. Most recently, as a senior vice president for Beecher Carlson, he helped client companies lower their total cost of risk and to improve operations in order to create sustainable competitive advantage, including developing profit-center opportunities for them in their risk management program. A recognized expert in providing insurance and risk management services to large national and international companies, Mr. Nelson has a B.A. in English literature from Brigham Young University and earned his M.B.A. in Finance from St. Mary's College of California.

Mr. Watts, who is located in Atlanta, is also a 28-year veteran, and has assisted in the acquisition of new clients within the Fortune 1000 for property, casualty and executive liability insurance coverage, as well as associated risk management consulting assignments. Mr. Watts is a graduate of the University of Central Missouri, with a B.S. in industrial safety engineering.

Based in Stamford, CT, Mr. Perry, with 27 years of experience in risk management, joined Towers Watson from the Marsh organization, where he spent 22 years, most recently as a senior vice president and client executive. He began his career as a claims adjuster with the Travelers Group, where he handled commercial auto and liability claims, and then joined a small retail broker. Mr. Perry is a graduate of Bryant College.

About Towers Watson

Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. The company offers solutions in the areas of employee benefits, talent management, rewards, and risk and capital management. Towers Watson has 14,000 associates around the world and is located on the web at