Global insurance broker Willis Group Holdings announced from its London headquarters that Doug Smith has been appointed as Non Executive Deputy Chairman of its rapidly expanding Mergers and Acquisitions (M&A) practice.
“Smith has held the position of Chairman for a number of divisions within a major global insurance broker, latterly as Chairman of Marsh’s Private Equity and M&A practice, and is widely regarded as one of the leading UK insurance advisors on transactional insurance issues to the private equity industry,” said the bulletin.
He will work closely with Alistair Lester, Co-Head of the international Willis M&A Practice, “focusing on broadening the strength and breadth of relationships with the private equity community.” He will also provide strategic growth and development of the M&A practice, which is focused on the provision of risk and insurance due diligence services as well as specialist M&A related insurance solutions to the private equity community and corporations.
Commenting on the appointment, Lester stated: “We are delighted to have been able to retain the services of Doug Smith. He is recognized as being one of the most experienced professionals in our specialist field of advising private equity firms and corporates on the insurance issues associated with transactions, as well as identifying opportunities to structure bespoke insurance solutions to resolve specific transaction liability situations.”