Willis Group Holdings plc announced that Luis Maurette has been appointed Regional CEO of its Latin American operations. He is based in São Paulo, Brazil, and reports to Tim Wright, who this week was named CEO of Willis International.
“Latin America is a key region in Willis International’s extensive network,” said the bulletin. “The region’s strong economic growth – stemming from an infrastructural and industrial boom, an expanding middle class, and relatively low insurance penetration – represents one the biggest opportunities for Willis.”
Maurette joins Willis from Liberty Seguros Brazil, Liberty Mutual’s Brazilian subsidiary, where he served as President and CEO for the last 10 years. He is originally from Argentina, and “has a wealth of experience in the insurance and financial services sectors, having also worked for 14 years at Cigna International and over 10 years at leading financial services organizations across Latin America.”
Willis International Chairman Sarah Turvill and CEO Tim Wright both welcomed Maurette to the Group.
Wright commented on the growth potential of Latin America for Willis International, indicating that the “success of our Group is predicated on the consistent delivery of the Willis Cause in every single corner of the world in which we operate. Latin America is such an integral part of our international growth strategy.” He also pointed out that Willis’ clients in the region –”from Energy to Construction, Aviation to Marine – demand both global insight and local knowledge of risk.”
Willis also pointed out that Maurette’s hire “follows another senior appointment in Latin America when Seth Peller was named CEO, Willis Argentina in September, signaling a push for further growth in the region. With key leaders like Maurette and Peller in place, Willis International CEO Tim Wright and Chairman Sarah Turvill will look to capitalize on the economic power shift from developed to developing nations.”
Source: Willis Group Holdings plc