Cooper Gay Swett & Crawford has appointed Willis Group Holdings deputy CEO Steve Hearn as Toby Esser's successor as group CEO.
Hearn is expected to assume his new responsibilities at the reinsurance, wholesale and specialty broker on 2 November 2015.
He joined Willis in 2008 and has held a number of senior roles including chairman and CEO of Willis Global. He is also chairman of the London & International Insurance Brokers' Association and chairman of the London Market Group.
Commenting on the appointment, Martin Sullivan, executive chairman of CGSC, said: "To attract someone of the calibre of Steve Hearn not only demonstrates CGSC's commitment to maintain the great strides already made, but is also a reflection of how highly we are respected in the market and our prospects for the future. Steve has the leadership, vision and energy to realise the potential that exists within this business."
Hearn added: "The CGSC story is compelling, with strong established teams that are among the best in the market. It is now poised to enter a new chapter and I am extremely pleased that I will be part of it. I look forward to joining CGSC's highly effective management team, to help build on the momentum of the past in order to realise the true potential of a great business."
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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