Posted on 07 May 11
Willis Capital Markets & Advisory (WCMA), the specialist investment banking arm of Willis Group Holdings, the global insurance broker, today announced that it has appointed Robert James as Managing Director. The position is effective immediately and will report to Tony Ursano, CEO, WCMA.
With over 30 years of experience in the insurance industry, James joins Willis from Grange Insurance Companies where he was President and CEO since January 2010. Prior to this, he was President of the Insurance Services Group at Bank of America (BoA) where he managed the bank’s consumer insurance, commercial insurance and reinsurance operations.
Before BoA, James was Vice Chairman, President and CEO of Countrywide Insurance Group from 2004 until it was sold to BoA in 2008. During this time, he was also CEO and President of Balboa Insurance Group, a subsidiary of Countrywide Financial Corporation. James has also held leadership roles at CNA Insurance, AIG, Allmerica Property & Casualty, MetLife Auto & Home and Allstate.
Commenting on the new appointment, Ursano said, “Bob brings a wealth of operating experience, industry knowledge, and long-standing relationships to augment Willis Capital Markets & Advisory’s expertise and capabilities. I am thrilled that he has decided to join our team and look forward to his contribution in continuing to help us create the highest quality insurance investment banking platform.”
Willis Capital Markets & Advisory, with offices in New York and London, provides advice to insurance and reinsurance companies on a broad array of mergers and acquisition transactions as well as capital markets products, including acting as underwriter or agent for primary issuances, operating a secondary insurance-linked securities trading desk and engaging in general capital markets and strategic advisory work.