Mactas is currently vice chairman of the board of Save the Children, where he has been a trustee since 2006.
As Mactas says, "There's no one-size-fits-all remedy.
Over the coming months, Mactas will continue in his current role as president and chief operating officer.
This reinforces the notion that there is no 'one size fits all' approach to risk management," Mactas said.
It's especially instructive that the best-managed insurance firms temper their optimism and confidence with a structured approach to enterprise risk management challenges," Mactas said.
This move is a further demonstration of our commitment to grow our offerings around the globe in response to client needs for a more holistic view of their issues," Mactas concluded.
As stated in the letter, Mactas called on Congress to protect the retirement benefits provided to millions of Americans under hybrid pension plans and the U.
Mactas said this call for immediate action and legislation is needed because:
No company can fully control any of these things," Mactas noted.
Mactas has been elected President of Towers Perrin, a leading global management, financial services and human resource consulting firm, in a meeting of the firm's Board of Directors yesterday.