Willis Group Holdings has appointed Martin Sullivan as deputy chairman of the group and, chairman and CEO of a new business unit Willis Global Solutions, which will oversee brokerage and risk management advisory services for Willis’ multinational and global accounts.
Sullivan will be based in New York City. He will report to Joe Plumeri, chairman and CEO of Willis Group Holdings, and assist in managing and leading the long term growth strategy for the company.
He will also work with Plumeri and other senior leaders as a member of the company’s executive committee.
Sullivan will work with Willis Group president Grahame Millwater, to develop and manage a differentiated service proposition in the large account sector.
Prior to this, he served as CEO of AIG during 2005 to 2008 and held various senior positions.
Grahame Millwater will be the chairman and CEO of Willis Global. He will also retain his current title as president of Willis Group Holdings.
Willis Global will encompass Willis Global Solutions, and will also include Willis Re, Willis Global Specialties, Willis Global Markets, Willis Global Placement, Willis Facultative Reinsurance, Willis Capital Markets & Advisory, Willis Analytics and Faber & Dumas, which comprises many of Willis’s wholesale businesses. Each business line will continue to operate under their current management.
Plumeri said that Martin’s deep, strong and lasting connections to all segments of the insurance industry will be an enormous asset to Willis, working for the company’s current and future clients in the type of role that has earned him well-deserved recognition over many decades in our business.