Willis has announced with immediate effect the appointment of Nicolas Aubert, Willis GB CEO, to the Executive Committee and Board of the London & International Insurance Brokers’ Association (LIIBA). In addition, Aubert is appointed to the London Market Group (LMG) as a LIIBA representative.
Commenting on his appointments, Aubert said, “At a time of ever increasing competition and change in the London and international insurance and reinsurance markets, both LIIBA and LMG are critical to ensuring the $60 billion premium London market remains the largest commercial insurance and reinsurance hub in the world. With a London heritage dating back to 1828, Willis has a long and proud history of supporting the London market, our recent investment in Miller being testament to our positive view of the long term prospects it has. Willis is absolutely committed to supporting the efforts of both LIIBA and LMG in ensuring that London remains the world’s preferred insurance and reinsurance market. It is a privilege to have the opportunity to support the valuable work of both organisations.
Aubert continued: “Accelerating the drive towards modernisation of market processes and maintaining the highest professional standards of the 48,000 people employed in the London market are both critical to its long term success. With growing competition from emerging markets, it is essential that we maintain the momentum for reform and increased efficiency if London is to remain the global leader.”