Willis Names Fyfe Managing Director – Latin American Reinsurance

January 8, 2009

Willis International, a unit of Willis Group Holdings, has announced the appointment of Edward Fyfe as Managing Director of its growing Latin American reinsurance operations, effective immediately. He is based in Lima, Peru, and will report to Eugenio Paschoal, CEO – Willis Latin America.

“In his new role, Fyfe will oversee all of the company’s reinsurance offices in Latin America, continuing to work closely with Willis Global Markets International and Willis Global Specialties on single-risk business,” said the bulletin. “Fyfe also will ensure that the offices continue to support Willis Re in the further development of its treaty portfolio.”

Fyfe joined Willis in London as a graduate in 1984. The announcement noted that he “was integral in building and opening the company’s reinsurance operations in Peru, Venezuela and Brazil, serving as Executive Director in Caracas and Managing Director in Rio de Janeiro.”

He formerly served at Willis Global Markets International in Miami, where he was responsible for property and energy, before taking on his current role as Regional Marketing Officer (RMO) for Latin America, responsible for carrier relationships and placement strategy. In addition to his responsibilities as Reinsurance Managing Director for Latin America, Fyfe will continue in his role as RMO, maintaining client-facing opportunities relating to energy.

Paschoal noted that Fyfe has “more than 20 years of experience at Willis and was a key architect in building our Latin American reinsurance operations.” He expressed his confidence in Fyfe’s ability to put that “experience to good use as he defines our regional strategy and targets, coordinates our activities and expertise, seeks additional synergies and develops new market opportunities for our growing reinsurance operations here.”

Sarah Turvill, Chairman of Willis International, commented: “Willis has seen double-digit growth in its Latin American operations this year, and we’re intent on continuing our strong growth trajectory across the region. With his talent and experience, Edward is the right person to lead this business, and his appointment affirms our commitment to expanding our reinsurance operations throughout Latin America.”

Source: Willis Group Holdings – www.willis.com

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