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Willis names Spanish MD

Spanish private equity has done surprisingly well in 2010
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Fernando Fedriani has been named managing director of Willis Facultative Spain.

Based in Madrid, Mr Fedriani will report to Antonio Tosti, chief executive, Willis Facultative Europe.

He brings 10 years' experience in the insurance and reinsurance industry. Prior to joining Willis, he managed RSA casualty, property and engineering business in Spain and Portugal. He also spent three years at Ace as CP&E deputy manager in Iberia and reinsurance coordinator for P&C, preceded by two years at Aon, where he worked across multiple business units, including engineering, property and liability reinsurance.

Mr Fedriani’s appointment reflects Willis’ strategy to boost its share of the growing facultative market, valued at an estimated $13bn in premium. Willis launched its facultative business in 2009. Antonio Tosti, CEO, Willis Facultative Europe, said: "This appointment further strengthens Willis' presence in the Iberian region which commenced with the appointment of Ricardo Borges as head of facultative business in Portugal last fall."

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