Global brokerage Willis Towers Watson has appointed Matthew Frost as head of risk advisory for Australasia.
Frost will commence the role in Oct. 01 and will be based in Melbourne, reporting to Simon Weaver, head of Australasia.
In his new role, Frost will further the development and deployment of the company’s risk advisory services in the region, including strategic and operational risk management, risk financing solutions, and advanced risk and insurance analytics. The role will align closely with Willis Towers Watson’s international risk and analytics resources.
Frost joins Willis Towers Watson's after 17 years with mining giant BHP, where he was most recently vice president of risk finance, and was responsible for the strategic programme design, placement, and maintenance of global risk financing programmes. Prior to BHP, Frost worked in a senior insurance and risk finance role for multinational alcoholic beverages company Diageo. Earlier in his career, he worked for Willis (now Willis Towers Watson) in the UK.
Frost “will lead our risk and analytics team in reviewing clients’ risk financing strategies across all industries, in a hardening insurance market that is delivering increased risk transfer premiums, reducing capacity, and imposing higher self-insured retentions – particularly for financial institutions or catastrophe exposed businesses,” Weaver said.
Frost “is a key appointment reflecting synergy in our global risk and analytics approach and, having being involved with our business as a client for many years, he will bring a fantastic fresh perspective to our Australasian team,” said Rob De Jonge, COO and head of international for risk and analytics at Willis Towers Watson.
