Powell will manage the company's reinsurance offices located in Latin America
Willis Group, the insurance broker, has appointed Hugh Powell as CEO of Latin America for Willis Facultative.
Powell will be responsible for company’s facultative reinsurance business across the entire region and will join the executive committee of Willis Facultative. This committee will be chaired by Jason Howard who, while remaining CEO of Willis Re International and Specialty, will become executive chairman of Willis Facultative.
In his new role, Powell will also manage the company’s reinsurance offices located in Latin America. He will be supported by Edward Fyfe as deputy CEO, Latin America, for Willis Facultative. He joined Willis from Guy Carpenter, where he headed up the Latin America Facultative operation.
Grahame Millwater, president of Willis Group, said: “In March of this year we launched our unified global facultative business. The recruitment of Hugh Powell is a clear signal that we intend to attract the very best in the industry and at the same time broaden our global facultative footprint.”
Jason Howard said: “Latin America is a highly successful and growing region for Willis. I am confident that Hugh will grow our Latin American reinsurance business while at the same time allowing us to ensure that our facultative and treaty offerings are fully aligned to the benefit of ceding company clients.”
Matthew Keeping, CEO of Willis Facultative, said: “Hugh brings us further credibility in the Latin American region and his appointment to our Executive Committee greatly strengthens our global management team. With Jason becoming Chairman of our Executive Board, we have finalised the makeup of our senior management team.”