Willis Re unveils Hearn’s successor
Willis Re, the reinsurance division of Willis, has unveiled a number of leadership appointments to its global executive committee.
In addition to his role as chairman for Willis Re North America, Paddy Jago has been appointed global chairman. He will be based between London and New York.
He succeeds Peter Hearn who defected in May to Guy Carpenter.
Mark Hvidsten has been appointed deputy chairman, alongside current deputy chairman, Chris Clark. He will remain based in New York.
Additionally, Willis Re has appointed James Kent and Andrew Newman as co-presidents to succeed Jago in his previous role as president of Willis Re, in addition to their respective roles as president of Willis Re North America and global head of casualty. Kent will remain based in New York, while Newman will be based in London.
John Cavanagh, global chief executive officer (CEO) of Willis Re, said: “The Willis Re leadership team has decades of experience within the reinsurance industry, serving clients with distinction and driving global sales and growth efforts across our international, North America and specialty platforms.
“Paddy, Mark, James and Andrew are very strong market figures and they are role models for future Willis Re leaders. We are fortunate to have the depth of expertise and experience internally to fulfil these senior client-facing roles.
“Willis Re is an industry-leading business, helping clients meet the demands of the rapidly changing reinsurance landscape. The opportunities created for Willis Re by the Miller Insurance Services transaction and the proposed merger with Towers Watson can only strengthen our growth momentum and help clients capitalise on the opportunities ahead.”
Dominic Casserley, CEO of Willis Group, said: “The performance of Willis Re in recent years has been outstanding. Everyone at Willis is very proud of the business’ track record of growing market relationships, establishing new product offerings, and in developing talent. Today’s announcement reflects the deep strength of the Willis Re leadership team under John Cavanagh. We will continue to invest in growing this flagship Willis business.”
