According to a release, Willis Global now encompasses Willis Re, Global Specialties, Global Markets, Faber & Dumas, Willis Capital Markets & Advisory, Willis Global Placement, Willis Facultative, Global Solutions and Willis Analytics
Last September, Willis Chairman and CEO Joe Plumeri announced the formation of Willis Global under Group President Grahame Millwater, who, in turn, added the responsibilities of Chairman and CEO of Willis Global. The announcement included the appointment of Martin Sullivan to lead Willis Global Solutions to help coordinate Willis’ risk management services
"The synergies that exist within the Willis Global organization and our integrated model make this next stage of the evolution not only natural but easy," Millwater said in a statement. "The businesses in Willis Global offer an awesome array of skills, capabilities and knowledge that our clients, our retail distribution and our third party intermediary partners find increasingly exciting, valuable and unique.
As a result of the management shift, Willis announced the following leadership changes that are effective immediately:
Peter Hearn will become Chairman and lead Willis Re. He will focus on driving growth in the business and serving the reinsurance, capital markets and facultative needs of major insurance companies
Steve Hearn was appointed CEO of Willis Re. He was previously responsible for Faber & Dumas, Global Markets International and Willis Facultative
Dominic Samengo-Turner will replace Steve Hearn as CEO of Willis' London Market Wholesale businesses. Samengo-Turner was CEO of Global Placement, an entity formed in 2009 to oversee the Group’s relationships with insurance carriers and its placement capabilities globally. Willis’ London Market Wholesale businesses and its Global Placement capabilities have become progressively more aligned, making this appointment a natural progression of Samengo-Turner’s role, the company says
Additionally, Alastair Swift will assume Samengo-Turner’s position as CEO of Willis Global Placement
“The appointments we are announcing today, all from within our own ranks, represent the leadership strength of our team," Millwater said. "The strong sense of culture, teamwork and our integrated offering show this as a very logical next step, not only for the Group, but also for the individuals we have appointed. I look forward to leading this united team in partnership with the President and COO of Willis Global, David Margrett."
