Willis Re has announced that Mr James Kent will succeed Mr John Cavanagh as he steps down from his position as global CEO.
Mr Cavanagh will retire from Willis Towers Watson at the end of December 2017, handing over leadership of Willis Re to Mr Kent, previously deputy global CEO.
Mr Kent joined Willis Re in 2004 and has served as the global deputy CEO since December 2016. He was appointed President of North America in 2010, and before this ran the Willis Re Bermuda operations. Earlier in his career, he spent 13 years with Aon Re (now Aon Benfield).
Mr Cavanagh’s career in the (re)insurance market started in July 1975. He has led the Willis Re business as chief executive officer since 2012. He joined Willis Re in 2009 having spent 21 years at the Carvill Group where he was joint CEO. Prior to this, he was the deputy managing director of Minet Re and a director of the North America reinsurance division at Willis Faber and Dumas.