Insurance and reinsurance broker WTW is further strengthening its Risk & Broking leadership by making senior hires, in order to enhance specialization, digitization, and optimization capabilities.
Lucy Clarke will join WTW as President of Risk & Broking in Q3 2024. With her assuming the role, Adam Garrard will take on the role of Chairman for Risk & Broking.
The pair will work closely to drive the continued growth of WTW’s Risk & Broking segment.
Carl Hess, Chief Executive Officer (CEO) WTW, commented on these changes, “With the addition of Lucy to our strong Risk & Broking leadership team, WTW will offer an even more compelling value proposition as we continue to innovate and adapt to address our clients’ changing needs. I look forward to welcoming Lucy to the WTW team next year and know she will help us relentlessly drive our strategic priorities forward.”
In Clarke’s new role, her remit will include being responsible for the day-to-day financial and operational management and growth of the business. She will report to Hess. Until she joins WTW, Garrard will continue in his current role as Head of Risk & Broking.
Clarke is a market veteran and brings with her deep industry experience gained through a 25-year career. Throughout her career, she has served in diverse leadership positions with JLT Group and Marsh.
Most recently, she serves as the President of Marsh Specialty and Global Placement. Prior to that, she was the Chief Executive Officer of JLT Global Specialty, the insurance and risk arm of the JLT Group.
Adam Garrard, WTW’s Head of Risk & Broking, commented, “We are excited to announce this strong addition to WTW. Lucy is an industry leader committed to specialization, exceptional client service, data and analytics, aligning with core WTW market strengths and growth priorities. She has extraordinary market presence, a proven track record of delivering results and an intense focus on talent. We are confident in the role that WTW plays in supporting clients in an ever-changing risk landscape and will continue to add talent where there is a strong fit with WTW’s culture and ambitions.”
