Willis Re Appoints New CEO
Willis Re, the reinsurance broking arm of London’s Willis Group Holdings which maintains a major Bermuda presence, named John Cavanagh as its new CEO yesterday [Jan. 19].
Mr. Cavanagh succeeds Steve Hearn, who was named chairman and CEO of Willis Global last December.
In his new role, Mr. Cavanagh joins Peter Hearn, chairman Willis Re, and Paddy Jago, president of Willis Re on the Willis Re executive team, in addition to becoming a member of the Willis executive committee.
Mr. Cavanagh was executive vice president and managing director of Willis Re since 2009, when he joined Willis from R.K. Carvill, an international specialty reinsurance broker, where he was joint CEO.
Prior to his 21 years at the Carvill Group, Mr. Cavanagh was deputy managing director of Minet Re and a director of the North American reinsurance division at Willis Faber and Dumas.
“Since joining us in 2009, John has made an enormous contribution and has had an extremely productive working relationship with the Willis and Willis Re executive management,” said Peter Hearn in a statement. “His extensive experience of the market and his familiarity with our clients and prospects has been invaluable, and the continued growth and success of Willis Re are undoubtedly assured under his leadership as CEO.”
