Our people have extensive experience in developing the processes, systems and skills required for supporting a run-off. In addition, we have specialist skills covering run-off claims management and inspections, commutations, asset and liability management, actuarial and change management.
Independent Non-Executive Chairman
Tim Carroll joined the Board in March 2011 and was appointed Chairman in June 2013. He is a renowned international business leader, with significant London Market and Lloyd's experience, including roles as CEO of Swiss Re's UK holding company, CEO Europe of GE Insurance Solutions and US President and CEO of GE Reinsurance Inc. He currently holds a number of independent non-executive directorships within in the UK insurance industry. Tim has held a number of high profile industry positions including President of the Insurance Institute of London. He received the Chartered Insurance Institute's medal for distinguished service in 2008.
Chief Executive Officer of Tawa plc
Gilles has been Global Head of Insurance for Groupe Artémis since 2000 and previously headed its Merger and Acquisitions Group. He was responsible for the creation in 2001 of Tawa. Gilles managed the acquisition of Aoba (Japan) by Groupe Artémis, the first life insurance company ever acquired 100 per cent by overseas investors in Japan, and supervised that company's run-off strategy from 1999. He managed the sale of Aoba (Japan) in September 2004 to Prudential Life of Japan. Amongst numerous other transactions within the Financière Pinault group, Gilles also managed the take-over of Christie's International Plc, which involved the raising of £780 million of financing. He was appointed to the Board of Tawa in April 2001.
Chief Executive Officer of CX Re
Colin formed the Tawa Group in 2001 with financial backing from Groupe Artémis. Colin is responsible for the Tawa insurance companies, being the CEO of CX RE. In that role he handles the relationships with the regulators, the boards and the manager. Colin was previously the Financial Services Leader and Head of Risk Management for the Global Financial Advisory Services division of PwC, a member of its Global Insurance Leadership Team and an elected member of the firm's Global and UK Supervisory Boards. Colin worked at PwC for 33 years (20 years as a partner), mainly in financial services with particular emphasis on the insurance and banking industries. For many years Colin was a leading corporate recovery specialist, based in London, undertaking restructuring assignments for a variety of financial services clients in the UK, US and Far East including distressed banks and insurance companies as well as acting as Inspector of a number of banks for the regulatory authorities.
Loic has served on the Board of Tawa plc since January 2013, having previously been on the board from June 2007 to June 2012. Loïc joined Financière Pinault in September 1999, first as an accounting manager and then, from January 2006, as the financial controller manager. Prior to joining Financière Pinault, Loïc was an auditor at Adexi SA from 1990-1997 and an accounting manager at Capri Enterprises SNC (Real Estate) from 1997-1999. Loïc is also a director on a number of company boards as Groupe Artémis representative including Christie's International plc and Stade Rennais football club.
Independent Non-Executive Director
Anthony joined the Board of Tawa in March 2004 having previously served on the board of CX Re. Anthony began his business career in the City of London and in New York where he worked for the investment banks Schroders and Morgan Grenfell. In 1978 he joined the investment bank Fox-Pitt, Kelton ("FPK"). He was a principal shareholder and served as Executive Chairman of FPK from 1994 until FPK was acquired by Swiss Re in March 1999. Anthony retired from his executive responsibilities at FPK in 2004 and as a director of Swiss RE Capital Markets Limited in 2006. During his time at FPK he served on the boards of a number of insurance companies. Until April 2013 Anthony was for 20 years a director and Chairman of AXA Equity and Law plc and Chairman of AXA UK plc, the holding company of AXA's UK insurance interests. During that period he was also a member of the Group Board of AXA Paris, of the AXA Remuneration Committee and Chairman of the AXA Group Audit Committee. He serves on the board of directors of AXA Financial Inc. New York and as Chairman of its Investment and Finance Committees.
David joined Tawa in 2001, where he has focused on acquisitions and operational effectiveness, particularly claims, reinsurance and commutations. David's current focus is on targeting acquisition opportunities and creating value from Tawa's run-offs. A former partner in the Insurance Business Restructuring Services Group of PwC, David has specialised in the insurance and reinsurance industry since 1987; as a result, he has extensive experience in advising participants in the insurance industry including underwriters, brokers, underwriting pools and life companies. David has advised run-offs on exit routes (including sale, reinsurance and solvent schemes), run-off strategy (advice, set-up and operational assistance), financial restructuring and effectiveness reviews (especially run-off administration), support on reinsurance disputes and insolvency advice and appointments.
Head of Human Resources and Organisational Development
Janet joined Tawa from PwC in 2002 to manage the change to run-off for CX RE. She has over 20 years experience in supporting organisations and people to develop and deliver in changing circumstances, having designed and delivered many strategic change projects. Janet's experience includes establishing and leading a centre of excellence for managing the HR implications of mergers, acquisitions, and spin-offs for PwC and its clients. She has an MA in Strategic Human Resource Development and Change and is a Member of the Chartered Institute of Personnel and Development.
Company Secretary and Compliance Officer
Chris transferred to Tawa following the acquisition of CNA Re in 2002 when he was appointed as Company Secretary and Compliance Officer of all Tawa UK group companies.
Prior to joining the Tawa Group, Chris was Group Company Secretary of Fenchurch Group plc a London Stock Exchange listed Lloyd's insurance broker and, following its acquisition by Lowndes Lambert, was appointed Group Company Secretary of the combined group.
Chris was appointed as Group Company Secretary of CNA Re's UK reinsurance subsidiaries, including CX RE (formerly CNA Reinsurance Company Ltd) in December 1997. He also served as Company Secretary and Compliance Officer of CNA Re's Lloyd's managing agency.
Chris is registered with the FSA in his capacity as CX RE's Money Laundering Reporting Officer.
Chris is a Fellow of the Institute of Chartered Secretaries and Administrators.
Head of Actuarial
Bill joined Tawa in June 2002 and has nearly 30 years of actuarial experience in the financial services industry covering a wide variety of fields. He was Chief Actuary for a leading managing agent before leaving and becoming the first Lloyd's Actuary. Bill was the corporate general insurance actuary for Guardian Royal Exchange Group Limited where he was responsible for ensuring that the reserving standards of the group met certain minimum requirements. He was also responsible for reporting to the executive committee on the reserves and underlying volatility of those reserves for the group. While working on the life side he became a member of a committee that was charged with the responsibility for redrafting the SORP on Accounting for Life Profits. Bill is a Fellow of the Institute of Actuaries.
Marvin joined Tawa in 2001 and is General Counsel for Tawa and all Tawa group companies. Before joining Tawa, he was with PwC for 18 months, prior to which he worked as an attorney specialising in insurance and reinsurance matters with Chadbourne & Parke, LLP. Marvin's experience centres on insurance regulatory, transactional, and litigation matters including eCommerce issues, insurance insolvency, reinsurance and insurance coverage disputes, licensing of companies and agents, surplus-lines regulation, captive insurers, and service contracts. Marvin is a Member of the State Bar of California and received a J.D. cum laude from the University of California, Hastings College of Law in 1991.
Patricia is Chief Executive Officer of Artémis, Vice-Chair of the Board of Directors of PPR, Chairman of Christie's International, Chairman of the Investment Committee of the Fonds Stratégique d'Investissement (French Sovereign Fund), and an independent member of the Board of Directors of Total since 2008 and Air France-KLM since 2003.
Patricia began her career within the Renault Group as treasurer of Renault Véhicules Industriels then as CFO of Renault Crédit International. She joined the Pinault Group in 1989 as CFO and has held the position of CEO of Artémis since 1992.
Independent Non-Executive Director
He is a board member and advisor to financial and non-financial institutions globally, particularly in the areas of acquisitions and strategy. He is non-executive chairman of Hwa Hong Corporation Limited, a public company listed in Singapore, and chairman of its remuneration and investment committees. He is a board member of Protective Life Corporation, a US public company and a member its audit and finance and investment committees. Mr Miller has been Managing Director and Senior Advisor with the investment bank of Bank of America in New York.
Previously he was President and CEO of The Hartford International Financial Services Group, LLC and Senior Vice President of The Hartford Financial Services Group, Inc, for Planning, Development and Investor Relations.
Gilles served on the Board of Tawa plc from February 2002 to April 2003 and from December 2004 to January 2013. He is also a board member of KX Reinsurance Company. Gilles has been the General Counsel of Groupe Artémis since 1996 and also is a director on a number of boards of companies as the Groupe Artémis representative. Gilles has been involved in numerous M&A transactions on behalf of Groupe Artémis such as the take-over of Christie's International plc in 1998, the acquisition in 1999 of Aoba (Japan), a Japanese run-off life insurance company, and its sale to Prudential Life of Japan in 2004 and the negotiation of the acquisition of Yves Saint Laurent on behalf of Gucci Group NV.