Filed Under:Markets, Personal Lines

Willis hires AIG’s Nicolas Aubert to head U.K. insurance

(Bloomberg) -- Willis Group Holdings Plc hired Nicolas Aubert from American International Group Inc. and designated him to be the next chief executive officer of the U.K. insurance business as the broker expands in the country.

Aubert, who was AIG’s chief operating officer for Europe, Middle East and Africa, will report to Willis Deputy CEO Steve Hearn and take over insurance unit after it receives regulatory approval, London-based Willis said today in a statement.

“Nicolas’s wealth of specialty and retail experience in the U.K. and abroad, combined with his strong technical knowledge of the market and the evolving needs of complex clients, make him the ideal candidate to drive forward the continued growth,” Willis CEO Dominic Casserley said in the statement.

Casserley, a former McKinsey & Co. partner, has been reshaping the broker to add clients. Willis said last month it was in exclusive talks to take a majority stake in London-based Miller Insurance Services LLP to gain the wholesale broker’s energy and shipping businesses. Casserley announced about a half-dozen deals since becoming CEO in January 2013.

Matt Gallagher, spokesman for New York-based AIG, didn’t immediately respond to phone and e-mail messages seeking comment.

Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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