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Member, Beacon International Group, Ltd.
Paddy Jago has been appointed global chairman of Willis Group Holdings P.L.C.’s Willis Re unit, effectively immediately, Willis announced Friday.
The position was previously held by Peter Hearn. Mr. Hearn left Willis Re earlier this year to join Marsh & McLennan Cos. Inc.’s Guy Carpenter & Co. L.L.C.’s reinsurance unit as CEO, but will not assume that role until next year because of a noncompetition agreement with his former employer.
In addition to his new role, Mr. Jago will remain chairman of Willis Re North America, a role to which he was appointed in 2011. He will have offices in both New York and London.
Willis Re also announced that Mark Hvidsten, most recently Willis Re’s director of strategy and transformation, has been appointed deputy chairman, alongside current deputy chairman Chris Clark. Mr. Hvidsten will be based in New York.
James Kent and Andrew Newman have been appointed co-presidents to succeed Mr. Jago in his previous role as president of Willis Re, in addition to their respective roles as president of Willis Re North America and global head of casualty. Mr. Kent will be based in New York and Mr. Newman in London.
Marsh & McLennan Cos. Inc. announced that Marsh L.L.C. President and CEO Peter Zaffino has been appointed chairman of Marsh & McLennan's Risk & Insurance Services segment, which includes Marsh and Guy Carpenter & Co. L.L.C.