Insurance broking giant WTW has gone for youth for the new post of head of cargo for Asia, it confirmed on Monday.
Harrow and Nottingham University-educated Oliver Scarr has been appointed to the role, which will be based in Singapore.
Scarr, who has spent most of his working life with the former Willis Towers Watson, will report to Lewis Hart, head of marine Asia at WTW.
Scarr will lead WTW’s cargo business in Asia and is responsible for the “delivery of WTW’s cargo value proposition into the Asian market”.
His role involves the development of a strategy to grow the cargo business, as well as the overall coordination of cargo placement and broking activities into Asia.
He will also have oversight of product development to meet the “evolving needs of those operating within the complex world of international trade”, WTW said.
Hart said: “Oliver is a great example of an exceptional young talent at WTW and we are excited to welcome him back to Asia in this newly created role as head of cargo.
“Cargo is a key focus area for our marine business which we will continue to invest in throughout the region over the coming year as we build on our talented team.”
Before relocating to Singapore, Scarr worked in WTW’s cargo business in London within the firm’s global marine line of business.
His focus was on the provision of risk and insurance solutions to companies shipping goods around the globe, including commodity traders, manufacturers, energy producers and shippers of all types of cargo.
Scarr joined WTW’s graduate programme in 2014, working within the international cargo team, focusing on the placement and servicing of business emanating from Asia, the Middle East and Africa.
Two years later, he was seconded to Singapore, taking on responsibility for broking cargo risks into the regional Asian markets.
He subsequently relocated to Hong Kong, where he continued in this role, providing a link between the regional Asian and London insurance markets.
