Willis Group Holdings announced the appointment of Hugh Powell as CEO, Latin America, for Willis Facultative. He will have responsibility for Willis’ facultative reinsurance business across the entire region and will join the Executive Committee of Willis Facultative. The committee will be chaired by Jason Howard who, while remaining CEO of Willis Re International and Specialty, will become Executive Chairman of Willis Facultative.
Powell also will have responsibility for the management of the company’s reinsurance offices located in Latin America. He will be supported in this role by Edward Fyfe as Deputy CEO, Latin America, for Willis Facultative.
Powell joins Willis from Guy Carpenter, where he headed up the Latin America Facultative operation.
Grahame Millwater, President of Willis Group, noted that Willis had launched its “unified global facultative business” in March. He described Powell’s appointment as a “clear signal” that Willis intends to “attract the very best in the industry and at the same time broaden our global facultative footprint.”
Howard explained that Latin America is a “highly successful and growing region for Willis and that Powell’s presence would insure further growth in the region, “while at the same time allowing us to ensure that our facultative and treaty offerings are fully aligned to the benefit of ceding company clients.”
Source: Willis Group Holdings – www.willis.com