Willis International Names New CEO
A long-time insurance industry leader and a senior executive at Willis for the last seven years, Mr Margrett will work alongside Sarah Turvill, chairman of Willis International, to focus on driving the divisionâ€™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, Mr Margrett will be bringing his global background to his new role.
Since joining Willis in 2004, Mr 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.
Joe Plumeri, chairman and CEO of Willis Group, said: â€œSarah Turvillâ€™s leadership of our international business is a continuing story of dramatic growth. As we turn a new chapter in that story, Mr Margrett joins Sarah to maintain and magnify that momentum moving forward.
â€œWeâ€™re excited about the expanded capabilities for clients and the business possibilities that will arise when Mr Margrett brings his global specialties insight and expertise to our international network.â€
Will Mr Margrett's leadership benefit the firm?
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