London, United Kingdom - February 18, 2013, London, United Kingdom - Willis Group Holdings, a global insurance broker, announced that Martin J. Sullivan OBE, the group's deputy chairman and chairman and CEO of the Willis Global Solutions, will leave the firm in May 2013.
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From 2005-2008, Sir Martin served as President and CEO of American International Group and was Vice Chairman and Co-CPP from 2002 until 2005. He first joined AIG in the U.K. in 1971 and later served in a number of position, culminating in his election as Senior Vice President, Foreign General Insurance in 1996 and Executive Vice President, Foreign General Insurance in 1998. In 1996, he was appointed COO of AIU in New York and was named President in 1997.
Sir Martin was the first President of British American Business and remains an Honorary Director of that organization and a member of its International Advisory Board. He is also a former President of the Geneva Association and former Chairman of the US-ASEAN Business Council.
Sir Martin is an Associate Member of the Chartered Insurance Institute, a Fellow of the Institute of Leadership and Management, and a Member of the Chartered Management Institute. He was awarded the Order of the British Empire in 2007 and an honorary doctorate from Hofstra University in 2008. He is a member of the Willis Group's Executive Committee, the senior management team setting and executing Willis' global strategy.
The company also announced that deputy CEO Steve Hearn, in his role as CEO of Willis Global, will lead the Global Solutions unit.
Mr. Hearn was appointed Chairman and CEO of Willis Global in 2011 and in January 2013 became Deputy CEO of Willis Group Holdings. In early 2011 he was appointed as CEO of Willis Re, where he was responsible for Willis Re's worldwide operations. From 2009 until 2011 he led Faber & Dumas, Global Markets International and Willis Facultative.
Since joining Willis in 2008 as a result of the HRH acquisition by Willis Group, Mr. Hearn has served as Chairman of Special Contingency Risk (SCR), the Willis specialty Kidnap & Ransom broker, Chairman of Willis Facultative and Chairman and CEO of Glencairn Limited, a London wholesale broker. He is CEO of Willis Limited, the Group's principal UK regulated entity.
Prior to joining HRH, Mr. Hearn was at Glencairn Limited where he was appointed CEO in 2003. In 2005 he became Chairman & CEO of Glencairn Group. Earlier in his career he was President & CEO of Marsh Affinity Europe, responsible for their Affinity operations. Prior to that he held a number of positions in client management, sales and P&L management at Marsh and Sedgwick Limited, including time in U.K. Commercial Lines Retail, Life & Pensions and, latterly, scheme and affinity business. ■