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Towers Perrin launches capital markets operation

US reinsurance broker Towers Perrin has launched a capital markets operation specialising in risk-linked securities, retirement risk transfer transactions and asset risk management services.

The unit will be named Towers Perrin Capital Markets (TPCM) Inc and will help clients evaluating and facilitating risk management solutions involving securities and other capital markets instruments.

Prakash Shimpi, a Towers Perrin principal and head of its Enterprise Risk Management practice has been appointed chief executive officer of TPCM.

“Through TPCM we can now help clients tap into the potential value of employing the capital markets as part of an integrated risk management strategy,” said Shimpi.

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