Willis Group is restructuring its employee benefits consulting practice to combine all of its existing services in the market.
The Human Capital and Benefits practice will include pensions and retirement planning, healthcare, group risk and life cover along with a range of consultative services such as compliance, data analytics, communications, wellness and human resource consulting.
The consultant said the move would allow it to "develop and execute a coordinated global strategy". It will be led by Willis International CEO Tim Wright.
"The new practice will allow us to create a sense of identity and community among our human capital and employee benefits teams around the world. It will enable us to agree growth priorities, both organically and inorganically, and leverage capabilities and best practices across the group for the benefit of our clients. The HCB practice will work closely with the geographic businesses, together with the newly-formed global industry and product practices," said Wright.
Willis Group CEO Dominic Casserley added: "The human capital and employee benefits sector is a compelling long-term growth prospect across the world. These are high-growth, differentiated markets driven by changes in demographics, healthcare and social policy.
"Human Capital and Benefits are already an important area for Willis but we want to create a stronger and sharper focus to extend our reach in this space."
Willis North America and the group's Employee Benefits business will also report into the practice.
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