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Press Release

Charles Rumball appointed Head of Willis Re Speciality – North America

Reinsurance
N/A

March 31, 2020

Rumball is currently executive vice president of Willis Re’s Specialty Reinsurance Division in Bermuda.

NEW YORK, March 31, 2020: Charles Rumball, previously head of Specialty Reinsurance at Ariel Re, is to relocate to New York to assume the new role of head of Speciality – North America for Willis Re, the reinsurance division of Willis Towers Watson, the leading global advisory, broking and solutions company (NASDAQ:WLTW).

Rumball, who is currently executive vice president of Willis Re’s Specialty Reinsurance Division in Hamilton, Bermuda, brings considerable experience to his new position, which commences on 1 April. He has worked as a lead underwriter across the specialty classes, and is broadly experienced in portfolio and divisional P&L management, evaluation of strategic opportunities, and structuring and negotiating group hedging strategies. He joined Ariel Re in 2006 from Guy Carpenter, where he was a reinsurance broker based in London and New York, after beginning his career in 2002.

Rumball will report in tandem to Donald Harrell, Chief Operating Officer of Willis Re Specialty and Jeffrey Livingston, Executive Vice Chairman, Willis Re North America. Harrell said: “Clients increasingly make decisions on a local basis, so it is important to have an integrated speciality business within their own region. Because of that, Willis Re is investing to build out our North American speciality business structure with a broad focus, covering Inland Marine, Ocean Marine, Aviation, Energy and Retro. That makes Charlie, who has worked successfully in all the major specialty lines, the ideal person for the job.”

Charlie will be a real asset for us in New York, and for our North American clients.”

Jeffrey Livingston
Executive Vice Chairman,
Willis Re North America

Livingston said: “Charlie will be a real asset for us in New York, and for our North American clients. He brings a wealth of experience and talent to our organization and I look forward to working with him and his associates to ensure our clients get the insight and advice they have come to expect from Willis Re.

Rumball said: “I am really pleased to be returning to broking and to New York, where I can work hands-on with clients to help them achieve their diverse business goals. As the market for speciality reinsurances shifts, and clients face new challenges, I am excited about the opportunity to bring the resources of Willis Re and the global reinsurance market over to their side, and work in three-way partnerships to achieve the best possible outcomes.”

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class analytics capabilities, which it combines with its reinsurance expertise in a seamless, integrated offering that can help clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. For more information, visit willisre.com.

About Willis Towers Watson

Willis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com

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