Willis Beefs Up Cyber Risk Practice With Marsh, Wells Fargo and ACE USA Hires

June 19, 2015

Willis is bringing on executives from Marsh, Wells Fargo Insurance Services and ACE USA to help beef up its cyber risk management consulting business.

Specifically, the new hires will become part of Willis North America’s financial and executive risk (FINEX) cyber/errors and omissions practice. Their mission: to broaden the scope of risk advisory services Willis offers in the cyber space.

These moves by Willis, an insurance/reinsurance broker and risk advisory firm, come as demand for cyber insurance protection is expected to soar in the coming years and the P/C insurance industry searches for ways to keep up. Standard & Poor’s recently issued a new report that acknowledged the demand hike but noted that U.S. insurers will likely respond gradually, allowing for time to develop knowledge and experience about cyber risks, a fast-evolving problem.

Here are the new Willis hires:

Source: Willis