Towers Watson Names Co-Head of Insurance-Linked Securities

October 18, 2011 ( - Towers Watson has named Michael Popkin co-head of insurance-linked securities (ILS) for Towers Watson Capital Markets (TWCM) Inc., the company’s U.S.-based broker-dealer. 

In his role, Popkin will assist clients in a wide range of strategic risk management activities surrounding ILS and industry loss warranties (ILW). He will also aid in the development and implementation of risk transfer solutions in the capital markets, including sidecars, catastrophe bonds, and life insurance-related securitizations, among others. Reporting to Ed Hochberg, head of TWCM, he is based in New York.

According to a press release, for two years prior to joining Towers Watson, Popkin served in two roles –head of financial institution origination and head of structured credit solutions – at RWE Supply & Trading. He has also held the positions of co-head of European structured credit sales at Dresdner Kleinwort in London, and senior vice president and senior portfolio manager for Zurich Financial Services in New York, where he managed a variety of structured product investment portfolios.