Willis Group Holdings announced that David Margrett has been appointed CEO, Willis International. A long-time insurance industry leader and a senior executive at Willis for the last seven years, Margrett will work alongside Sarah Turvill, Chairman of Willis International, to focus on driving the division’s growth in the coming years.
Willis International, the retail brokerage division of Willis that focuses on business opportunities outside North America, Great Britain and Ireland, is included in the Group’s International reporting segment which continues to expand its geographic reach and delivered an impressive six percent organic revenue growth in 2010.
With growth comes both opportunity and complexity and, to help meet these challenges, Margrett will be bringing his global background to his new role. In partnership with Turvill, Margrett will concentrate on the day-to-day running of the International business and work with her on the strategic development of Willis’ growth initiatives around the world.
Since joining Willis in 2004, Margrett has held a number of senior positions, including Chairman and CEO of Global Specialties and of Willis Limited, Chairman of Faber &amf; Dumas (the Group’s International third party wholesale business) and most recently, President and COO of Willis Global. Prior to joining Willis, he was Chief Executive of insurance broker Heath Lambert which had operations in 80 countries.
Willis Group Chairman and CEO, Joe Plumeri said, “Sarah Turvill’s leadership of our International business is a continuing story of dramatic growth. As we turn a new chapter in that story, David Margrett joins Sarah to maintain and magnify that momentum moving forward. We’re excited about the expanded capabilities for clients and the business possibilities that will arise when David brings his Global Specialties insight and expertise to our International network.”
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world.
Source : Willis Press Release
