Margo Black appointed CEO for Willis’ Reinsurance Operations in Brazil
Rio de Janeiro, 20 June 2008 –
Willis International Holdings (WIH), the international division of global insurance broker Willis Group Holdings (NYSE: WSH), today announced the appointment of Margo Black as the Chief Executive Officer (CEO) for their reinsurance operations in Brazil. Margo will be responsible primarily for the technical and sales development of wholesale business in Brazil, using the local platform to access the specialist capabilities of the Willis. She will also represent the Group’s treaty division, Willis Re, in expanding their client offering in the newly-opened Brazilian reinsurance marketplace. Margo will be based in the Group’s Rio de Janeiro offices.
With over 30 years experience in the international reinsurance market, Margo has worked in Germany, Great Britain and Latin America. She joins from Allianz Brazil where she was the main board director responsible for the insurer’s Global and Corporate Division managing corporate risks, large brokers, global programmes and commercial reinsurance matters. Previous to Allianz Margo was Chief Operating Officer for the JLT Group and was responsible for the Latin American division.
Eugenio Paschoal, CEO for Willis Latin America, commented: “We are confident that Margo’s international experience within the insurance market and her strong leadership will make her a perfect fit to lead Willis into this new phase of the open reinsurance market.”
Jason Howard, CEO for Willis Re International, commented: “We are delighted to welcome Margo into the Willis fold. She brings with her considerable international reinsurance experience in many markets as well as sound management ability and strong leadership. Her appointment is an integral step in supporting our strategic long-term plans for Willis Re across our Latin America network.”
Willis Group Holdings Limited is a leading global insurance broker, developing and delivering
professional insurance, reinsurance, risk management, financial and human resource
consulting and actuarial services to corporations, public entities and institutions around the
world. Willis has more than 300 offices in some 100 countries, with a global team of
approximately 16,000 Associates serving clients in some 190 countries. Additional
information on Willis may be found at www.willis.com.