Willis Group Holdings has appointed David Martin as Chief Executive Officer of Willis Limited, the Willis Group’s principal UK regulated entity, effective as of May and subject to FCA approval.
Martin succeeds Steve Hearn as CEO and takes over responsibility for all governance, financial, operational, human resources and regulatory matters for Willis Limited. Hearn, who remains Deputy CEO of Willis Group and Chairman and CEO of Willis Global, will continue as a member of the Willis Limited Board. In his new role Martin will report to Rodney Baker-Bates, Chairman of Willis Limited.
Martin was appointed Chairman and CEO of Willis’s insurance business in the UK in January, in a move, which the bulletin said, “brought together Willis’s Global Specialty insurance business with the Willis UK retail business.” He will continue in this role, reporting to Hearn.
Prior to joining Willis in 2013, Martin was at Zurich Insurance Group, where he led global sales and distribution for Zurich’s general insurance business. Prior to that he spent 16 years with Aon, where he was Managing Director of UK Corporate.
Baker-Bates thanked Hearn for his “leadership of Willis Limited and his immense contribution to the company since his appointment as CEO in July 2012,” adding that he’s pleased to “have opportunity to continue working alongside Steve as he takes up a position on the Willis Limited Board. In David we have found a truly worthy successor.”
In his response Hearn noted Martin’s “extensive knowledge of commercial insurance markets in the UK and his wider global experience,” which he said “makes him the ideal candidate to grow Willis’s business in the UK with a special focus on matching UK client needs with Willis’ world-class specialty expertise.”
Martin said: “Key to Willis’s success is our ability to bring together our industry expertise with our excellent risk advisory and broking capabilities. I am looking forward to further developing that capability within Willis Limited for the benefit of our clients globally.”
Source: Willis Group Holdings