Willis Appoints Michael O’Connell Financial Institutions Industry Leader for North America
May 05 2015 - 1:27PM
Willis Group Holdings (NYSE:WSH), the global risk advisory,
re/insurance broking, and human capital and benefits firm, has
appointed Michael K. O’Connell as the firm’s Financial Institutions
Industry Leader for North America. He will also join the leadership
team of Willis’s Global Financial Institutions Industry Group.
Mr. O’Connell will be responsible for expanding Willis’s
footprint in this sector in North America. He will work closely
with Willis’s Global Financial Institutions Industry Group to focus
on the unique needs of clients in this sector, while providing them
access to the full range of insurance products and risk management
services that Willis offers. Willis’s Global Industry Groups,
established in late 2013, are designed to seamlessly connect Willis
industry experts with product and geography leaders around the
world.
Financial Institutions are one of the largest segments of the
global economy, both growing and rapidly changing, with a complex
set of traditional and emerging risks. Commenting on the
appointment Todd Jones, CEO, Willis North America said, “Throughout
his career, Mike has been one step ahead of change in this sector,
providing clients with the insights, service, creativity and trust
that our clients demand in a risk advisor.”
Mr. O’Connell said, “Financial Institutions are in the midst of
unprecedented change as regulatory requirements and market
volatility continue to reshape the risk landscape. Financial
Institutions require finely tuned risk analysis, to help them
assess their exposures, and innovative risk management solutions to
overcome these challenges. I’m thrilled to be joining Willis, with
its best-in-class analytical capabilities and global network of
resources, Willis stands ready to deliver for clients.”
Based in New York, Mr. O’Connell has more than 28 years of
experience in serving financial institutions. Previously he served
for 10 years as Financial Institutions Practice leader at Aon Risk
Services and prior to that he held a similar role at Marsh.
About
Willis
Willis Group Holdings plc is a leading global risk advisory,
re/insurance broking, and human capital and benefits firm. 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.
Media:
Colleen McCarthy
+1 212 915-8307
colleen.mccarthy@willis.com
Investors:
Peter Poillon
+1 212-915-8084
peter.poillon@willis.com
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