Willis Towers Watson Appoints Mary O’Connor to Lead Client and Business Development in Great Britain
December 14, 2016 at 06:33 pm IST
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Willis Towers Watson announced that Mary O'Connor will lead the Client and Business Development function for Willis Towers Watson Great Britain. Mary also continues to co-lead the Global Financial Institutions Industry Group. Mary will report to Head of Great Britain, Nicolas Aubert, and Global Industries Lead, Eric Speer. Reflecting the significance of clients to the success of the organisation, Mary will also have a seat on the Boards of Willis Limited and Towers Watson Limited, subject to regulatory approval. Mary was also the co-lead for the Global Financial Lines business in Corporate Risk and Broking with Alexis Faber. Going forward, Alexis will assume sole leadership for this global business. Mary previously led Willis Towers Watson's successful Great Britain Financial Lines business segment. Prior to joining Willis Towers Watson, Mary was a senior regulator at the UK Financial Services Authority, where she served as Head of Approved Persons, and a partner at an international law firm.
Willis Towers Watson Public Limited Company is a world leader in consulting, insurance brokerage and risk management software development. Revenues break down by activity as follows:
- human capital and social benefits consulting services (35.6%): consulting services in the organization, skills assessment, management and optimization of social benefits, compensation of executives and employees, etc. ;
- development of enterprise risk management solutions and services (31.9%): risk analysis, assessment consulting, effective risk management and anticipation services, design and development of software solutions for risk management. The group is also developing an insurance brokerage activity;
- risk/return balance management consulting services (17.7%): for investors, insurers and reinsurers. Additionally, the group offers insurance and reinsurance consulting services, financial management services, financing and investment strategies, as well as actuarial studies and expertise in mergers and acquisitions, etc., while developing software solutions for modeling and analysis of risks and financial activities;
- management and operation of a platform for the exchange and outsourcing of group health insurance plans and medical benefits (14.7%): allowing employees and retirees to choose the health coverage that meets their needs;
- other (0.1%).
Revenue is distributed geographically as follows: Ireland (1.7%), the United States (49.7%), the United Kingdom (20.5%) and other (28.1%).