Global reinsurance broker Willis Re has made two senior hires in its North America unit, with the appointment of Tom Wafer as Chairman, Willis Re, North America, and Jeffrey Livingston as Vice-Chair.
Tom Wafer joins Willis Re from hedge fund strategy reinsurer Third Point Re (USA) Ltd., where he held the role of President. Before his time at Third Point Re, Wafer was Chairman of Global Reinsurance for Alterra.
Livingston has more than 25 years of reinsurance industry experience, most recently at Marsh and McLennan where he was Director of Portfolio Solutions. Livingston had previously been at Willis Re in 1998, after he left a role at Sedgwick Re, taking on roles of Vice President and then Executive Vice President in 2005.
The two appointments also constitute the formation of the ‘Office of the Chairman’ for Willis Re, North America, a position that will be tasked with strengthening client relationships across North America, as well as offering guidance and mentoring for Willis Re employees.
Jim Bradshaw, CEO, Willis Re North America, commented on the hires; “I am thrilled to welcome Tom and Jeffrey to Willis Re. Both are highly regarded executives that share a passion and enthusiasm for our business. One of Willis Re’s most valuable assets is the depth and breadth of its talent base and I am confident that Tom and Jeffrey will be instrumental in helping these colleagues continue to provide innovation and expert advice for our clients. I am looking forward to working closely with Tom and Jeffrey in building on our recent success.”
Tom Wafer added; “Willis Re is one of the world’s leading reinsurance advisors with an agile and dynamic work force that has enabled growth in tough market conditions. I am excited to be joining the team and look forward to working alongside Jim and Jeffrey.”
Jeffrey Livingston also said; “I am delighted to be joining Jim and Tom and working across the Willis Re platform to help advance our clients’ interests in the market. I am quite familiar with Willis Re; its people and its culture of collaboration. It has an exciting business proposition focused on assisting clients effectively manage risk and driving new business growth and I am looking forward to being part of that value proposition.”