In this new role, Fyfe will report to Joe Trotti, CEO, Willis Global Specialties. He will also retain his existing role as Regional Marketing Officer (RMO) for Latin America and Deputy CEO of Willis Facultative, Latin America, continuing in this capacity to report to Hugh Powell, CEO, Willis Re Facultative, Latin America.
Joining Willis in London as a graduate in 1984, Fyfe was integral in building and opening the company's reinsurance operations in Peru, Venezuela and Brazil, serving as Executive Director in Caracas and Managing Director in Rio de Janeiro. During his time at Willis, he has also held roles at Willis Global Markets International in Miami, where he was responsible for Property and Energy.
This latest appointment is part of Willis’ strategy to build a network of experts directly linked to its Specialist businesses and closely aligned with its international distribution network. Fyfe’s appointment is at the heart of this business model, allowing Willis to deliver robust local knowledge, client advocacy and account servicing, alongside industry-leading expertise, market relations and solutions, across the globe.
Commenting on Fyfe’s appointment, Trotti said, "Latin America is an area of enormous opportunity and Ed has a long and distinguished track record in the region. I regard his appointment as a landmark in the development of the Group, International, Reinsurance and Global Specialties in the region. Ed possesses a wealth of experience both in the region and in working with the Specialist expertise within Willis, which uniquely equips him for this role. I am positive we will all be pleased with the resource he brings to the opportunity.”
Powell added, "Ed's input and contributions will greatly assist our efforts as we look to execute our plans for growth in Latin America through 2010 and beyond. We have a strong operation in Latin America and forging this connection with Global Specialties further strengthens our team. It will be a major factor to support our already robust growth strategy."
Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers 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 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.