Global insurance broker Willis Group Holdings appointed Don Bailey as chief operating officer of the company’s North American business unit.
The company said Bailey will work with Mario Vitale, CEO of Willis North America, in managing the organization’s day-to-day operational and sales activities while also developing and implementing the unit’s long term strategy. Bailey will be charged with executing on the overall strategy in North America and building an organizational platform that will drive future performance.
Bailey joined Willis in March 2003 to lead the company’s North American Executive Risks Practice. Demonstrating leadership and a commitment to the Willis model, Bailey and his colleagues made significant strides in growing the practice in terms of size, capabilities and revenue. Willis appointed Bailey CEO of Willis Risk Solutions North America, the company’s large account practice, in March 2004.
Bailey joined Willis from Allianz Insurance Company in Chicago where he served as senior vice president and chief underwriting officer of the Specialty Risk Lines. Prior to his tenure with Allianz, he served Aon and Marsh in various capacities. His insurance career started with Chubb & Son in 1987, when he joined the firm as an Underwriter in the Financial Institutions Department.
Tom Coughlin, who has been chief operating officer of Willis Risk Solutions North America since 2000, will succeed Bailey as CEO of the practice.