Paddy Jago has been appointed global chairman of Willis Group Holdings plc’s Willis Re unit, effective immediately, the company has announced.
The position was previously held by Peter Hearn, who has left to become CEO of the LLC reinsurance unit of Guy Carpenter.
In addition to his new role, 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.
The company also said Mark Hvidsten, most recently Willis Re’s director of strategy and transformation, has been appointed deputy chairman, alongside current deputy chairman Chris Clark.
James Kent and Andrew Newman have been appointed co-presidents to succeed 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.
Hvidsten and Kent will be based in New York and Newman will be based in London.
John Cavanagh, Global CEO of Willis Re, said that the moves show the strength the company has across the board and moves will help the company in a client-facing capacity.
“The Willis Re leadership team has decades of experience within the reinsurance industry, serving clients with distinction and driving global sales and growth efforts across our International, North America and Specialty platforms,” Cavanagh said.
"Paddy, Mark, James and Andrew are very strong market figures and they are role models for future Willis Re leaders. We are fortunate to have the depth of expertise and experience internally to fulfil these senior client-facing roles.”