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One study sees China becoming the third biggest insurance sector globally by the year 2020.
Brian Duperreault can now look back on a 40-year insurance career spent building professional teams and choosing effective leaders who advanced the industry.
Dominic Casserley will move from McKinsey & Co. to his new role as CEO of the global insurance brokerage in January.
Brian Duperreault will be leaving the consultancy at year end, after overseeing a "significant turnaround" for company.
The new distribution system will require up to 3,500 smaller brokers to go through two "access partners."
Willis Group Holdings PLC said Dominic Casserley will take over as chief executive early next year, replacing Joe Plumeri, the colorful CEO who took the company public in 2001.
KBW analysts expect Willis Group Holdings to outperform the market going forward.
No rate spikes expected, to the benefit of carriers, brokers and insureds.
The poor economy may push some clients to begin suing brokers who accept contingent commissions from insurers.
A greater transparency in fee structure could also result.
A new building that highlights the legacy of an acquired firm helps consolidate the cultures of the two organizations and sets up the merged company for even greater success.
A new entry-level training and development program to build an entrepreneurial and professional sales force is helping to prepare an insurance brokerage for future growth.
Rather than compete with each other, two veteran media liability consultants join forces.
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