Willis Appoints Paul Scope as Chairman of Willis Bermuda
April 02 2015 - 4:17AM
Willis Group Holdings (NYSE:WSH), the global risk adviser,
insurance and reinsurance broker, has today announced the
appointment of Paul Scope as Chairman of Willis Bermuda,
encompassing all of the firm's operations on the Island.
In his new role, which he assumes with immediate effect, Scope
will oversee Willis's whole range of Bermuda based operations in a
move designed to further enhance collaboration and build upon
Willis's seamless client value proposition in Bermuda.
Before joining Willis, Scope was Chairman and Chief Executive
Officer (CEO) of JLT Park, the Bermuda based specialty
(re)insurance division of UK-listed broker Jardine Lloyd Thompson
(JLT). He has spent 30 years in the Bermuda market and 40 years in
the insurance industry. Between 2003 and 2007 he was Chairman and
CEO of the Park Group which had offices in Bermuda, London, New
York, Chicago, Philadelphia, Toronto and San Francisco. In 1989
Scope established Park International Ltd., one of the first major
independent wholesale brokers in Bermuda, which later became Park
Bermuda and was acquired by JLT in 2007.
Willis has had a presence in Bermuda since 1979 and employs
around thirty five full time staff on the Island focusing on a
range of different activities, including alternative risk transfer,
direct insurance, reinsurance, captives, life insurance and
annuity.
Steve Hearn, Deputy CEO of Willis Group, commented: "Paul is a
highly-respected figure in the industry with a distinguished list
of achievements. I am personally delighted to welcome him to
Willis, where his unique skills and experiences will allow him to
drive the continued development of our client offering and our
business."
Todd Jones, CEO of Willis North America, added: "Bermuda has a
special place within the global (re)insurance network. It is
therefore critical that Willis continues to invest in enhancing our
capabilities to ensure we always offer the broadest possible range
of broking and risk management solutions. I look forward to working
with Paul closely to serve our clients both in North America and
worldwide."
Scope commented: "As well as being one of the world's
pre-eminent (re)insurance hubs and its chief captive domicile,
Bermuda is also leading the charge as a provider and user of
alternative risk transfer. A favourable business environment and a
truly enviable concentration of underwriting talent and capital
mean that Bermuda can rightly claim the title of the world's risk
capital. I look forward to harnessing this innovative spirit and
delivering the most highly-tailored risk management solutions for
our clients."
About Willis
Willis Group Holdings plc is a leading global risk adviser,
insurance and reinsurance broker. With roots dating to 1828, Willis
operates today on every continent with more than 18,000 employees
in over 400 offices. Willis offers its clients superior expertise,
teamwork, innovation and market-leading products and professional
services in risk management and transfer. Our experts rank among
the world's leading authorities on analytics, modelling and
mitigation strategies at the intersection of global commerce and
extreme events. Find more information at our
website,www.willis.com, our leadership journal, Resilience, or our
up-to-the-minute blog on breaking news, WillisWire. Across
geographies, industries and specialisms, Willis provides its local
and multinational clients with resilience for a risky world.
CONTACT: Media:
Nathan Hambrook-Skinner
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Email: nathan.hambrook-skinner@willis.com
Investors:
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Email: Peter.Poillon@willis.com