24 March 2015 Insurance

Young professionals must rise to the challenge, says Willis

Young professionals in the London insurance market must unite with the market’s older generation to combat future challenges.

This is the opinion of Steve Hearn, the chair of London Market Group and the deputy chief executive officer (CEO) of Willis, speaking at a special event organised by the Lloyd’s Market Association.

At the event, which is part of the LMA’s drive to engage with under-35s in the market, Hearn addressed what will be the market’s next generation of senior management, Mr Hearn called on the audience to play an active role in the shaping London’s response to the challenges to its global position as highlighted by the report.

He said: “You work in a vital market that is a vibrant part of the UK’s economy and has real value to our society and business community. But ours is a market that must develop if it is to maintain its competitive advantages. The London Matters report has created a real and tangible opportunity for all of us to build our future marketplace.

“We need you to be part of that drive – to play an active role. The people at the top of our market’s organisations cannot do this in isolation. You are the professionals who will shortly adopt the mantle of market leaders, so make your voice and your ideas felt now.”

David Gittings, the LMA’s chief executive, said: “This was an important event for our programme of engagement with the market’s under 35s. Ultimately, the future of London is a challenge to which they will have to rise, together with the market’s older generation.

“Young professionals in the market have some great ideas and are extremely innovative. The key is for the wider insurance market to be able to tap into that creativity and use it. This is one of reasons we’re encouraging young professionals to get involved in our committees and panels.”

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